US President Donald Trump’s decentralized finance (Defi) company World Liberty Financial (WLFI) added SUI TOKEN to its strategic reserve. The reserve announcement positively affected SUI and caused a 15 percent increase.
A defi project aimed at creating a decentralized crypto banking system that offers the opportunity to borrow crypto and borrowing, similar to WLFI financial institutions. The platform supported by the Trump family announced his strategic token reserve on February 12 in the WLF’s official X account. The WLFI, known to be behind the President of the President Eric Trump and Barron Trump, has been expanding his strategic reserve since September 2024, when he was released.
https://twitter.com/worldlibertyfi/status/1889429781512409346
World Liberty Financial and Sui Network cooperation
The smart contract platform Sui Network’s crypto currency water was based on a $ 3 price band with news from Word Liberty Finance. Following the news, the value of SUI, who lived in profit sales, was traded for $ 2.82 as of the news spelling.
Sui Foundation Director Christian Thompson said in a statement on X, “WLFI’s preferred SUİ shows that our technology and vision is increasingly accepted in the financial world. We are building a fast, safe and accessible blocking and this partnership with WLFI will be an important step in shaping the financial ecosystem of the future ”.
https://twitter.com/suinetwork/status/189764857660004827
‘Strategic Reserve’ confused
Following the Announcement of WLFI and SUI cooperation, there was confusion that the Crypto community has been added to SUI’s ”US Crypto Reserve”. SUİ used the phrase “strategic reserve” in the cooperation announcement. This excited the crypto community because he wanted to use crypto projects produced in the US in the US crypto reserve of Trump.
However, WLFI’s strategic reserve is different from the US crypto reserve. WLFI’s “strategic reserve” has nothing to do with the US Federal government. If Trump decides to expand the list of assets in crypto reserves, SUİ can help him enter the list due to his WLFI partner.
WLFI’s portfolio contains more than 20 different crypto currencies. These include Ethereum, Wrapped Bitcoin, USDT, TRX and Move.
