World Liberty Financial and Aave Join Forces to Make Crypto and America Great

World Liberty Financial has taken the hot seat since its viral video was posted on former President Donald Trump's account. It's the one where he promised to make the US “the crypto capital of the planet.”

World Liberty Financial has taken center stage after former President Donald Trump posted a viral video on his account. In the video, Trump promises to make the US “the crypto capital of the planet.”

Fresh from the controversy surrounding the hacking incident, which saw Lara and Tiffany Trump's social media accounts on X (formerly Twitter) being maliciously taken over to promote a bogus $WL coin, the upcoming decentralized finance (DeFi) company unveiled another explosive update.

World Liberty Financial and Aave Partnership

On Wednesday afternoon (at UTC standard), World Liberty Financial took to X and Telegram to address the rumors swirling around its platform. The company feels obliged to share this information due to its potential impact on crypto and the country, especially on the eve of the 2024 elections.

According to the lengthy post by the firm, they have been collaborating to enhance their security with experts in the field. These include Zokyo, Fuzzland, BlockSecTeam, and Peckshield, among others. They ensured that these industry leaders have reviewed its code and best practices because security is their utmost concern.

World Liberty Financial also clarified that they are not just “another hostile fork of Aave.” Instead, the group has been working with Aave to develop a platform that caters to new standards in the sector and harnesses all the advantages DeFi presents to people.

The partnership envisions offering “something truly transformative” to the realm of finance. This somehow echoes Donald Trump Jr's promise that the former “The DeFiant Ones” network will be a larger type of platform.

The son of the former President and current Republican presidential contender explained in previous interviews that the firm gears up to rival the traditional banking system by giving the “debanked” access to finance.

Making Crypto and America Great

World Liberty Financial, in a twist to the “Make America Great Again” (MAGA) mantra, said that its mission is to “make crypto and America great.” So, one of its primary aims is to strengthen the US dollar by catalyzing the “mass adoption” of stablecoins pegged to the US currency.

The firm led by the Trump family expects that the spread of stablecoins around the world will ensure the US dollar will “remain the world's settlement layer for the next 100 years.” This comes amid the growing threat of the BRICS as it is now ironing out a new crypto-based payment system that could disrupt the dominance of the US dollar and undermine Western sanctions.

AAVE Rallies

World Liberty Financial's recently unveiled partnership caused AAVE to jump by over 18% from a $116.82 low to a $138.28 high in the past 24 hours. As of 11:00 PM UTC on Wednesday, the crypto asset has maintained above 11% gain at the $136 range compared to its price during the same hour yesterday.

AAVE's transaction volume also pumped by around 125% as it moved $547 million worth of its token assets between addresses along the way. Meanwhile, the market cap of its 14.93 million circulating token supply now lies at $2 billion.

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