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World Liberty Financial

2 GoKawiil briefs on this topic

UAE's Tahnoon bin Zayed holds 49% stake in Trump family's planned crypto bank

The Wall Street Journal reports that Sheikh Tahnoon bin Zayed al Nahyan, the UAE's national security advisor, and co-investors control a 49% stake through StringZ Holding RSC in WLTC Holdings, the parent company of a planned Trump-linked crypto bank. A Trump family-affiliated entity holds an additional 38% stake. Tahnoon previously invested $500 million in World Liberty Financial, another Trump-backed crypto venture, in January 2025.

World Liberty Financial CEO defends stablecoin amid Trump conflict-of-interest scrutiny

Zach Witkoff, CEO of Trump-linked World Liberty Financial, said USD1's trading volume and adoption prove the stablecoin has genuine utility unrelated to political favoritism. He cited over $4 billion in circulation and daily trading volumes exceeding $1 billion, dismissing suggestions the token could be used to funnel money to the Trump family.