Trump-Linked Crypto Firm Faces Scrutiny Over AB Stablecoin Deal
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World Liberty Financial (Trump-linked crypto firm) executed a limited, non-exclusive technology integration to enable its USD1 stablecoin on AB's network for a stated fee of USD1, per the company's lawyer. The deal came less than a month after U.S. criminal charges and sanctions tied to the Prince Group; AB had promoted an East Timor blockchain resort led by two men later sanctioned, raising regulatory, security and reputational risks that could impede token adoption, partnerships and market confidence.
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- World Liberty Financial announced an arrangement with AB less than a month after U.S. sanctions tied to the Prince Group.
- AB had promoted a planned East Timor blockchain resort led by two men later sanctioned by the U.S.
- World Liberty’s lawyer said the arrangement was a limited, non-exclusive technology integration for USD1.
World Liberty Financial, the Trump family-linked crypto company, faces scrutiny over an arrangement with AB, a virtual-currency venture tied to a resort project involving two men later sanctioned by the U.S. The deal enabled the use of World Liberty’s USD1 stablecoin on AB’s network.
Notably, the arrangement came less than a month after U.S. authorities announced criminal charges and sanctions against Prince Group, which they described as a major Asia-based criminal organization. However, World Liberty’s lawyer said the company had no a…
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