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World Liberty to Publish USD1 Audit and Enable Transfers for WLFI Governance Token

Highlights:

  • World Liberty Financial will publish an audit for its stablecoin USD1 to increase public trust and transparency.
  • The project hinted that its token might soon become transferable as investor demand rises.
  • A new mobile app will offer stablecoin payments and wallets to attract more retail users before the election season.

World Liberty Financial, the cryptocurrency platform linked to the current president of the United States, is preparing to release an audit for its stablecoin. The company carried out the audit with the help of an independent accounting firm. Co-founder Zak Folkman confirmed that the audit will soon be published on the official site of the project in the next few days. This release aims to build public trust as the firm continues to face political scrutiny and public debate.

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The stablecoin, USD1, plays a central role in the company’s growing DeFi services. According to Folkman, the audit provides a full attestation of USD1’s backing. The firm hopes that sharing these findings will reassure users about the platform’s financial structure. The announcement follows criticism from lawmakers who raised concerns over Trump’s financial involvement in the project.

As reported by Crypto2Community, Trump earned $57.35 million from WLFI token sales. He still holds over 15 billion tokens, which grant voting rights but not ownership. The Trump Organization earlier stated that after he became president, his business interests would be managed by his children through a trust.

Demand for WLFI Token Liquidity Grows

The WLFI token, which acts as the governance asset for World Liberty Financial, is currently non-transferable. It’s a smart contract that locks all token movements within wallets or contracts. This has cast doubt on those who bought early and can no longer trade or move their tokens. The token has received substantial revenue and created high demand despite this constraint.

Regardless of it not yet being transferable, it is already listed on platforms such as LBank in a pre-market form. Folkman described how institutions are beginning to experiment with WLFI as part of their long-term digital asset strategy.

App Launch to Target Retail Investors Ahead of Election Season

World Liberty Financial will also launch a mobile app to target retail customers. The application will have wallets and stablecoin payment functionality. Its structure is simple to enable people to utilize digital assets with ease. Folkman said the app is part of a broader plan to improve user access to DeFi tools.

The upcoming app aligns with the company’s efforts to expand before the upcoming election. The platform is positioning itself as an accessible financial solution during a politically active period. Folkman added, “I don’t want to give away too much, but if you pay attention, I think everyone will be very, very happy.”

World Liberty Financial has raised over $550 million in publicly issued tokens since its launch. The initiative has elicited support from renowned personalities, including Tron founder Justin Sun. The firm continues to grow its presence in the digital asset market. As earlier reported, the project partnered with Chainlink to expand its stablecoin across blockchains. According to the partnership, CCIP will let the stablecoin move across blockchains by acting as a bridge and securing it.

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