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WLFI Founders Meet Binance's CZ to Discuss Global Crypto Adoption Strategies

Highlights:

  • WLFI co-founders meet Binance’s CZ to explore strategies for boosting global crypto adoption.
  • Changpeng Zhao anticipates media negativity but focuses on continuing progress with WLFI.
  • WLFI signs partnership with Pakistan Crypto Council to boost blockchain and DeFi adoption.

On April 27, World Liberty Financial (WLFI) co-founders Zach Witkoff, Zak Folkman, and Chase Herro met with Changpeng Zhao, the co-founder of Binance, in Abu Dhabi. WLFI highlighted the meeting in a post on X (formerly Twitter), emphasizing it as the beginning of a larger effort to drive industry innovation. The discussions focused on strategies to accelerate global cryptocurrency adoption, establish new industry standards, and propel the crypto sector into its next phase of growth. Witkoff stated that the future of crypto is in the hands of builders, not observers.

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Changpeng Zhao shared on X that he met with the WLFI founders and believed traditional media might spin a negative story about the meeting. He mentioned it was great to see Zach Witkoff and Bilal bin Saqib in Abu Dhabi. Despite this, he believes the focus should remain on building, not on media narratives.

WLFI Expands Blockchain Efforts in Pakistan with Key Meetings and Partnerships

The meeting took place on the same day WLFI signed a Letter of Intent with the Pakistan Crypto Council. The goal is to promote stablecoin, DeFi, and blockchain adoption in Pakistan. While the immediate impact is unclear, the move is part of the project’s strategy to enter new markets. 

The WLFI team also held discussions with top Pakistani officials, including the Prime Minister and ministers of finance, defense, and information. With over 25 million active crypto users and a transaction volume of approximately $300 billion, Pakistan is a vital market for blockchain expansion.

Bilal bin Saqib, CEO of the Pakistan Crypto Council and one of the attendees, shared on X that the meeting went well. He emphasized that real work speaks louder than any headlines. Many others responding to CZ’s post encouraged the founders to stay focused on innovation and continue building. They agreed with the former CEO, noting how the media tends to create negative stories about such meetings and suggested ignoring them.

World Liberty Financial Attracts Institutional Interest

WLFI’s rapid expansion is attracting institutional interest. On April 16, DWF Labs, a leading Web3 market maker and investment firm, announced a $25 million purchase of WLFI’s governance tokens. This move is part of DWF’s U.S. growth strategy. The partnership will also support WLFI’s DeFi offerings. This includes the USD1 stablecoin, which is backed by U.S. Treasuries and cash equivalents.

According to Arkham Intelligence, WLFI holds more than $102 million in digital assets. This total includes $15.1 million in Wrapped Bitcoin (WBTC), 22.7 million USD Coin (USDC), $13.9 million in Ethereum (ETH), and $9.93 million in Tron (TRX). WLFI’s global campaign has grown quickly, but it’s unclear how it will impact cryptocurrency adoption and the DeFi sector in the long term.

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