World Liberty Financial (WLFI), the crypto venture tied to President Donald Trump’s family, is taking decentralized finance off the grid — and into space — through a new partnership with satellite network builder Spacecoin.
Summary
- World Liberty Financial, the Trump-linked crypto firm, partnered with satellite network builder Spacecoin to connect decentralized finance with satellite-powered internet.
- The deal includes a token swap and plans to enable payments and settlements in remote or underserved areas lacking traditional broadband or banking access.
- The partnership follows World Liberty’s bank charter application and builds on its USD1 stablecoin and lending platform as it expands real-world use cases.
The strategic tie-up links WLFI and its DeFi tools with Spacecoin’s satellite-powered internet network, aiming to enable payments and financial services in remote regions beyond the reach of traditional banking and broadband infrastructure.
The agreement includes a token swap that formally connects the two projects and sets the stage for future collaboration on payments, settlements and coordination in areas with limited or no connectivity.
Spacecoin recently launched three satellites into low-Earth orbit as part of a decentralized physical infrastructure network designed to provide permissionless internet access, starting with underserved and remote communities. The project aims to bypass reliance on governments and telecom monopolies by offering connectivity through a growing satellite constellation.
World Liberty Financial will support the network with tools that allow users to send, receive and settle payments, positioning financial access as a complement to internet connectivity.
“True digital freedom also requires access to robust, fair and open financial services,” Spacecoin founder Tae Oh said in the announcement.
Meanwhile, World Liberty Financial said its subsidiary, World Liberty Trust Company, applied for a national bank charter with the U.S. Office of the Comptroller of the Currency. The firm launched its dollar-pegged stablecoin, USD1, last year, which has since grown to a market capitalization of about $3.2 billion, and recently rolled out World Liberty Markets to offer crypto lending and borrowing services.
The Trump family has raked in about $1.4 billion from crypto projects since President Trump’s second term began, a Bloomberg analysis shows.
The Spacecoin partnership comes on the same day news broke of Elon Musk’s SpaceX hiring four investment banks to lead what observers predict will be one of the largest IPOS of all time.
SpaceX is expected to go public this year, with Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley all playing a role in the process.
Source: https://crypto.news/trump-crypto-wlfi-orbit-spacecoin/
