World Liberty Financial, supported by Trump, has swapped stablecoins worth about $90 million for ETH, LINK, and other tokens.

According to The Block, the Decentralized Finance protocol World Liberty Financial, supported by Trump, is converting stablecoins into ETH, the native token of the ETH chain. On-chain data shows that the project is also increasing its holdings of Chainlink’s LINK, Ethena’s ENA, and TRON’s TRX Token.

About three hours ago (as of the time of writing), the project began to transfer its USDC and USDT stablecoin holdings to CoW Swap, a low-cost decentralized exchange named after the ‘coincidence of wants’ economic theory.

According to the data from Arkham Research, in the past three hours, World Liberty has sent over 10 million USDC to CoW Swap, with transactions structured at 470,000 dollars. In addition, there are also 17 transactions involving approximately 4.7 million USDT, totaling about 80 million dollars.

This operation coincides with World Liberty’s completion of the sale of 20% of its WLFI 100 billion token supply (netting $300 million) and the upcoming inauguration of elected President Donald Trump. Trump pledged to be the first ‘crypto president’.

On Sunday, Donald Trump’s son Eric Trump said World Liberty Financial will make more purchases, after on-chain analyst LooksOnChain pointed out that the project had purchased about $20 million ETH. Eric said, “Wait to see what they will do tomorrow!”

Despite the mediocre response during the initial WLFI Token sale (first announced in September), investors seem to be flocking to the project. For example, the project’s largest investor and TRON founder Justin Sun announced on Sunday that he plans to invest another $45 million in World Liberty, bringing his total investment to $75 million.

The team announced that an additional 5 billion Tokens will be “open” for qualified US investors and non-US citizens to purchase, at a price of 0.05 USD per Token, which could bring an additional 250 million USD to the project.

On Sunday, the World Liberty team sent over $33 million in stablecoins to CoW Swap, divided into 10 transactions. According to Arkham Research data, most of these transactions were conducted in blocks of $5 million USDT or USDC each.

This is not the first time that World Liberty has diversified its holdings of encrypted assets by exchanging stable coins. In December, the project purchased approximately $5 million worth of ETH and increased its holdings of AAVE, the native Token of the Decentralized Finance protocol forked by World Liberty.

According to data from Arkham, World Liberty holds a combination of ETH worth $171.3 million, $20.5 million worth of wrapped Bitcoin, and nearly $110 million worth of USDT and USDC. In addition, it also holds lesser amounts of other assets such as LINK, ENA, and TRX of Sun.