President-elect Donald J. Trump is hinting at the upcoming release of his venture’ crypto project, “World Liberty Financial.”

In recent weeks, Trump has been promoting the initiative, and on Sept. 12, he shared a video on his X account, inviting followers to join a live Twitter Spaces event on Sept. 16, where he will officially introduce the project. “We are embracing the future with crypto, leaving behind slow and outdated big banks,” Trump stated.

Speculation has been building around the Trump family’s venture into the crypto market. In early August, both Donald Trump Jr. and Eric Trump suggested the family had major plans for cryptocurrency, fueling rumors of an imminent announcement.

Reports now indicate that developers will build the Trump-backed project on the Aave decentralized finance platform and Ethereum’s blockchain, focusing on creating a “credit account system” and promoting stablecoin adoption.

Security remains a priority for World Liberty Financial, as the project team collaborates with leading security firms, including PeckShield, Zokyo, and BlockSecTeam. The platform’s code has reportedly undergone thorough scrutiny by industry experts to safeguard against vulnerabilities. The announcement comes at a significant time, following the hacking of Lara and Tiffany Trump’s X accounts in September, with posts referencing a token allegedly linked to World Liberty Financial.

Donald Trump and His Potential Impact on the Crypto World

Donald Trump, the former U.S. President, is a polarizing figure, and his recent interest in cryptocurrencies has sparked significant debate. While Initially critical of Bitcoin during his first term, Trump’s evolving stance could bring notable changes to the crypto world.

Trump, vying for a second term, fully backs cryptocurrency, declaring himself the “cryptocurrency president. Should Trump emerge winner in the November election, it’s a new dawn for the cryptocurrency industry and adoption.