The founders of World Liberty Financial (WLFI), a cryptocurrency initiative supported by Donald Trump and his two elder sons, held discussions with Changpeng Zhao (CZ), the founder and ex-CEO of Binance, in Abu Dhabi on Sunday.
Zach Witkoff, Zak Folkman, and Chase Herro engaged with CZ to explore avenues for the expansion of cryptocurrency, as indicated in a post shared on X.
World Liberty Financial Aims to Foster Crypto to Next Level
The centerpiece of their meeting focused on “growing global adoption, setting new standards, and pushing crypto to the next level.”
WLFI’s founders @ZachWitkoff @zakfolkman @WatcherChase met with @cz_binance, the founder of Binance, to talk about growing global adoption, setting new standards, and pushing crypto to the next level.
This is just the beginning.https://t.co/I7r5w4JWQq
— WLFI (@worldlibertyfi) April 27, 2025
WLFI remarked on X that “this is just the beginning.” Founder Zach Witkoff emphasized that the future of cryptocurrency “belongs to the builders, not the bystanders.”
This meeting coincided with WLFI signing a Letter of Intent with the Pakistan Crypto Council, aimed at promoting blockchain technology, decentralized finance (DeFi), and stablecoin adoption in Pakistan.
While the immediate effects of this meeting remain to be seen, it is part of WLFI’s broader initiative to explore new markets.
During the meeting, CZ was spotted wearing a Binance T-shirt and responded to a crypto investor’s commentary on X, cautioning that traditional media might attempt to concoct negative narratives about the discussions. “But we keep building,” he added.
It was great to see our friends @ZachWitkoff and @Bilalbinsaqib in Abu Dhabi today.
(I have a feeling the trad media will try to make up some negative story about this. But we keep building.) https://t.co/rhOyllKkfP
— CZ BNB (@cz_binance) April 27, 2025
Institutional Players Eye WLFI for Expansion
In recent developments, DWF Labs, a crypto market maker and Web3 investment firm, has committed $25 million to WLFI tokens. This investment is part of DWF’s strategy to expand its presence in the U.S. market, including the establishment of an office in New York City.
World Liberty Financial is also working to enhance liquidity and usage of its stablecoin project, USD1. The initiative aims to introduce an institution-ready stablecoin that is redeemable at a 1:1 ratio with the U.S. dollar.
Managed by digital custodian BitGo, USD1 represents WLFI’s strategy to create a regulated dollar-pegged digital asset.
Following the announcement regarding the USD1 token, CZ warned users about potential scams and clarified that the stablecoin is not yet available for trading.
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