Justin Sun, the crypto entrepreneur behind the Tron blockchain, has joined the Trump family's crypto project, World Liberty Financial (WLFI), as an adviser. This comes days after Sun invested $30 million in WLFI tokens.

World Liberty Financial aims to become an important player in the evolving DeFi space, with Sun at the helm. This is despite facing challenges in meeting its ambitious fundraising goals.

US-dollar Pegged Stablecoins

Sun's $30 million investment has made him the largest investor in the Trump-backed decentralized finance initiative, Bloomberg reported. The project aims to bring stability to the cryptocurrency market through US dollar-pegged stablecoins. However, the project has struggled to attract substantial investor interest since its launch.

Sun's commitment has reportedly provided a significant boost in terms of capital and credibility. In a post on social media, Sun expressed his belief in America's growing role as a blockchain hub, adding that Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term owes it to Donald Trump.

🦅☀️ Exciting Announcement! ☀️🦅

We’re honored to welcome @justinsuntron as an advisor to World Liberty Financial (WLFI)!

Justin is the founder of @TRONDAO, an advisor to @HTX_Global, and a supporter of @BitTorrent. A graduate of the University of Pennsylvania, he recently won… pic.twitter.com/wJD24nztab

— WLFI (@worldlibertyfi) November 26, 2024

Additionally, Sun mentioned that the partnership is not politically motivated but centered on the potential of decentralized financial systems to innovate and transform traditional finance. WLFI echoed these sentiments, noting that Sun's experience and insights would be crucial in pushing the project forward.

Promoting USD Adoption

World Liberty Financial aims to enhance the adoption of US-dollar stablecoins to ensure that the dollar remains the dominant currency in the global settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term system.

The platform has so far reportedly partnered with Aave, a prominent DeFi platform, to create an application to drive stablecoin adoption. Despite its lofty goals, WLFI's token pre-sale raised just $8 million on the first day, falling short of its original $300 million target.

Trump Crypto Project World Liberty Plans to Issue Stablecoin, Sources Say (via @decryptmedia) https://t.co/UrMN4tEhKZ

— jonnycomp (@jonnycomp344502) October 29, 2024

Additionally, due to regulatory challenges, the project has limited its token sales in the US, focusing on offshore markets for now. WLFI is led by the Trump family, particularly Donald Trump, who serves as the project's chief crypto advocate, alongside his sons Eric, Donald Jr., and Barron.

However, the project insists that its goals are centered on innovation and financial freedom rather than political influence. Sun, known for his bold moves in the crypto world, brings capital and a wealth of experience in blockchain technology and decentralized applications.