World Liberty Financial taps Aave for $7.5 million USDT loan - Onchain Lens

World Liberty Financial (WLFI), a DeFi venture associated with Donald Trump, secured a $7.5 million USDT loan on Aave by providing over $52 million in collateral, including 7,900 ETH, 162.69 WBTC, and 5,010 stETH. The borrowed funds were transferred to a BitGo wallet, possibly to support WLFI’s USD1 stablecoin withdrawals. WLFI’s move reflects a trend of major crypto entities using DeFi lending to access stablecoins without selling core assets. The loan strengthens WLFI’s ties with Aave, following plans to deploy Aave V3 on Ethereum, share 20% of protocol fees with AaveDAO, and allocate 7% of WLFI’s token supply to AaveDAO. WLFI also invested over $1 million in AAVE tokens, signaling deeper integration with Aave’s DeFi ecosystem. Show Less