According to BlockBeats, on October 14, The Block Pro reported that Rich Teo, former CEO of blockchain financial services company Paxos, has joined the Trump family's crypto project WLFI as head of stablecoin and payment business. This move is seen as an important strategic layout of WLFI in the field of blockchain payment. The market is optimistic about this and believes that it will further promote the application of stablecoins and the development of blockchain payment technology.