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Trump-Linked World Liberty Financial Plans USD1 Stablecoin Audit and App Launch
World Liberty Financial (WLF), the crypto firm tied to former President Donald Trump and creator of the USD1 stablecoin, is set to release its first audit and launch a new mobile app targeting retail users.
The announcement was made by WLF co-founder Zak Folkman during a June 25 interview with Blockworks at the Permissionless conference in Brooklyn, according to Reuters.
The upcoming audit, expected within days, will disclose the reserves backing USD1. Since its March debut, the stablecoin has reached a market capitalization of $2.2 billion. USD1 is supported by U.S. dollar deposits, cash equivalents, and U.S. Treasury securities.
The stablecoin operates on Ethereum, BNB Chain, and TRON, with BitGo serving as the asset custodian. Folkman also stated that WLF will begin publishing monthly reserve reports to enhance transparency.
In addition to the audit, WLF is preparing to launch a mobile app aimed at simplifying cryptocurrency use for everyday investors. “We’re going to have very transparent auditing from a financial level,” Folkman emphasized.
#TrumpCrypto
#trumplaunchapp
World Liberty Financial (WLF), the crypto firm tied to former President Donald Trump and creator of the USD1 stablecoin, is set to release its first audit and launch a new mobile app targeting retail users.
The announcement was made by WLF co-founder Zak Folkman during a June 25 interview with Blockworks at the Permissionless conference in Brooklyn, according to Reuters.
The upcoming audit, expected within days, will disclose the reserves backing USD1. Since its March debut, the stablecoin has reached a market capitalization of $2.2 billion. USD1 is supported by U.S. dollar deposits, cash equivalents, and U.S. Treasury securities.
The stablecoin operates on Ethereum, BNB Chain, and TRON, with BitGo serving as the asset custodian. Folkman also stated that WLF will begin publishing monthly reserve reports to enhance transparency.
In addition to the audit, WLF is preparing to launch a mobile app aimed at simplifying cryptocurrency use for everyday investors. “We’re going to have very transparent auditing from a financial level,” Folkman emphasized.
#TrumpCrypto
#trumplaunchapp
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