World Liberty Financial, a cryptocurrency venture linked to former US President Donald Trump, is set to publish an independent audit report of its stablecoin in the coming days. The announcement was made by co-founder Zak Folkman at the Permissionless conference in Brooklyn. The audit, conducted by a third-party accounting firm, aims to bolster trust in the platform’s dollar-pegged stablecoin.
Additionally, the company hinted at plans to make its governance token, WLFI, transferable. Currently nontransferable but granting voting rights on network proposals and roadmap decisions, the token’s transferability has been a major demand from its community. World Liberty Financial confirmed that work is underway to enable trading, promising “big news coming soon.”
The platform is also launching a new mobile app designed to simplify cryptocurrency use for retail participants, integrating stablecoin payments and wallet features, with the goal of expanding mainstream adoption ahead of the election cycle.
Launched in September 2024, World Liberty Financial has raised $550 million through two public token sales, with Trump personally earning over $57 million and holding more than 15 billion WLFI tokens. The project supports decentralized finance (DeFi) services and aims to disrupt traditional finance.
Notable investors include Tron founder Justin Sun, who bought $30 million in tokens, and Web3Port, which invested $10 million. Despite optimism, the project faces political scrutiny and criticism over potential conflicts of interest due to Trump’s financial gains and political influence in crypto deregulation.