According to Cointelegraph, World Liberty Financial, a cryptocurrency venture associated with U.S. President Donald Trump, is set to release an audit of its stablecoin and has hinted at potential changes to its governance token, WLFI. During the Permissionless conference in Brooklyn, co-founder Zak Folkman revealed that the stablecoin had recently undergone its first attestation by an accounting firm. Folkman announced that the attestation report would be available on the project's website in the coming days. He also hinted at a possible transformation for WLFI, the governance token, which currently offers voting rights but remains nontransferable. Folkman suggested that significant developments could be expected in the next few weeks, which he believes will be well-received by the community. Additionally, World Liberty Financial plans to introduce a new app designed to simplify cryptocurrency usage for retail participants, potentially increasing the platform's appeal as the election cycle approaches.
In a recent post on X, World Liberty Financial confirmed that the WLFI token might soon become transferable, responding to growing community demand. The project assured its followers that the team is actively working to implement this change, promising significant announcements soon. However, the news has elicited mixed reactions. While some community members are enthusiastic about the prospect of acquiring WLFI, others remain skeptical. Critics have suggested that the move might be an attempt by the team and other investors to offload their holdings, with concerns that retail investors might end up bearing the brunt.
U.S. President Donald Trump has reported substantial earnings from World Liberty Financial, amounting to $57.4 million, as disclosed in his 2025 financial report filed with the Office of Government Ethics. Trump holds over 15 billion governance tokens in the project, which provide voting rights, and his income is derived from token sales. Since its inception in September 2024, World Liberty Financial has raised $550 million through two public token sales. The platform is focused on decentralized finance (DeFi) services and dollar-pegged stablecoins, positioning itself as a challenger to traditional financial systems. The project has attracted significant investment from notable figures in the crypto industry, including Tron founder Justin Sun, who invested $30 million in WLFI tokens, and Web3Port, which contributed $10 million. Oddiyana Ventures also joined as a backer in early 2025.
