coindesk.com
World Liberty Financial, the crypto firm linked to President Donald Trump’s family, entered a strategic partnership with Spacecoin to bridge decentralized finance with satellite-powered internet.
The deal includes a token swap that ties the two projects together, laying the groundwork for future collaboration on payments, settlements and coordination in areas beyond the reach of traditional financial networks.
Spacecoin, which recently launched three satellites into low-Earth orbit, is building what it calls a decentralized physical infrastructure network. The goal is to provide permissionless internet access through a growing satellite constellation, starting with remote and underserved communities.
The idea is to give people in places with weak or no broadband coverage a way to get online without relying on governments or telecom monopolies.
But connecting to the internet is just one piece of the puzzle. “True digital freedom also requires access to robust, fair and open financial services,” said Spacecoin founder Tae Oh in the announcement.
World Liberty Financial supports the protocol with tools that enable people to send, receive, and settle payments. The new partnership comes just weeks after the Trump family-linked company said a subsidiary, World Liberty Trust Company, applied for a national charter with the U.S. Office of the Comptroller of the Currency.
The crypto venture launched a dollar-pegged stablecoin, USD1, last year. It has since grown to a $3.2 billion market capitalization and, to support its use cases, launched World Liberty Markets to offer lending and borrowing services.