World Liberty Financial token sales and ECB stance on stablecoins

World Liberty Financial, a crypto project linked to the Trump family, has generated millions from token sales, though several announced partnerships, such as those with Aave and Ondo, remain unfulfilled. The project has also established a strategic reserve by purchasing tokens including LINK and AAVE. Separately, the European System of Central Banks (ESCB) has opposed mandatory bank deposit rules for stablecoin reserves under MiCA, suggesting instead that reserves be invested in assets maturing within one to five business days.