World Liberty Financial, a crypto venture linked to Trump’s family, plans to introduce a debit card that connects crypto assets with everyday spending, according to CEO Zach Witkoff at the TOKEN2049 conference.
A pilot program for the card will begin soon, with a full launch expected in late 2024 or early 2026. Witkoff mentioned the company’s interest in tokenizing assets like real estate and commodities such as oil and gas, which they believe could be traded more efficiently on blockchain.
The company also announced plans to launch USD1, a stablecoin backed by U. S. Treasuries and cash equivalents.
With information from Reuters