According to reports, SUI has announced a partnership with World Liberty Financial, a DeFi protocol associated with Donald Trump, the US President. The price of SUI increased by 14% following this collaboration aimed at creating a more transparent financial ecosystem. World Liberty Financial intends to include SUI assets in its ‘Macro Strategy.’ This strategy is designed as a reserve token to support leading blockchain projects. The collaboration is seen as an innovative opportunity by Eric Trump, the web3 ambassador at World Liberty Financial. The scalability of SUI is highlighted as a key factor in this choice. Over the past year, SUI has become one of the fastest layer 1 blockchains, registering over $70 billion in transaction volume in decentralized exchanges and 67 million user accounts. On the other hand, World Liberty Financial has made extensive investments in digital currencies since its inception. The company has transferred $307 million in digital assets to CoinBase Prime and added another $103 million to its assets after receiving new investments. This collaboration marks another step by a US President to enter the blockchain space. Trump’s companies have been active in projects like meme coins, non-fungible tokens (NFTs), oracles, and DeFi platforms and have now expanded their investment domain to emerging blockchains like SUI.
