TechFlow reported on January 23 that decentralized stablecoin protocol Frax Finance has proposed a plan to invest in World Liberty Financial (WLFI), a cryptocurrency project associated with the Trump family. The initial investment would amount to $5 million, with potential follow-on funding increasing the total to $10 million depending on the progress of collaboration. WLFI has already invested over $70 million in the DeFi sector, primarily targeting U.S.-based projects such as Aave, Chainlink, and Ethena. Notably, Stephen Moore, co-founder of Frax, previously served as an economic advisor to Trump, and this partnership is expected to strengthen Frax's positioning in the U.S. stablecoin market.
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