According to online reports, four people familiar with the matter revealed that Trump's crypto project WLFI had discussed cooperation matters with Binance Holdings Ltd., the world's largest digital asset trading platform. Binance's founders have previously admitted failing to take the necessary measures to prevent terrorists and entities in sanctioned countries from using its services. It is unclear at what stage these discussions are advancing or whether a deal or partnership project will eventually be concluded. The people familiar with the matter asked to remain anonymous because the negotiations are private matters. Two of them said discussions included Binance's possible partnership with WLFI to develop a stablecoin-a cryptocurrency pegged to the U.S. dollar. Trump and his son have been promoting the company since September last year, and according to its founding documents, the Trump family receives three-quarters of WLFI's net income.