Nic Carter, a respected crypto venture capitalist, declined an advisory role with World Liberty Financial (WLFI), a crypto project linked to the Trump family, after finding the co-founder lacked basic crypto knowledge and the project had no real product beyond a token sale. WLFI launched as a decentralized finance platform with a governance token and a stablecoin, with the Trump family set to receive 75% of net token sale proceeds. Despite Carter's early skepticism, WLFI's stablecoin has grown significantly, circulating over $3 billion, positioning it as a notable player in the stablecoin market. Investors should be cautious as the token trades publicly, and the project's future depends on the stablecoin and debit card rollout planned for 2026.
