World Liberty Financial, the cryptocurrency platform associated with U.S. President Donald Trump, is preparing to announce the official audit report for their USD-pegged stablecoin. Co-founder Zak Folkman revealed this information at the Permissionless conference in Brooklyn last Wednesday.
Presenting alongside Jason Yanowitz from Blockworks, Folkman stated that the project has received confirmation reports from an independent accounting firm. This is an important step to enhance transparency and trust regarding the asset reserves backing the USD1 stablecoin.
According to the co-founder of WLFI, this document will be posted on the platform's Web3 site in the 'coming days.' This confirmation report helps bolster confidence in the asset reserves backing the stablecoin, a vital factor in the DeFi ecosystem.
The WLFI governance token, now part of the World Liberty ecosystem, is granting voting rights and voice in the DeFi governance process. However, this token is not transferable at the moment.
WLFI will soon allow transfers
World Liberty Financial just confirmed on the social platform X that the WLFI Token may soon support transfers. 'You requested the transfer of the WLFI Token, we have listened,' the company stated, while committing that the team is 'actively working behind the scenes' to meet community expectations.
The post concluded with a promise of 'big news coming soon.' This is seen as an important stepping stone for the WLFI Token to become a more liquid asset in the DeFi ecosystem.
Folkman emphasized: 'Stablecoins will be the future of transactions, whether on-chain or in the real world. A stablecoin is only stable when backed by quality assets. Publicly reporting monthly confirmations from financial auditors is an important proof.'
The maximum supply of the WLFI Token is 100 billion units. So far, 25 billion Tokens have been publicly issued, raising $550 million in investment. Additionally, the platform is also conducting private sales, according to information from the ICODrops token listing site.
Folkman also mentioned that many investment organizations have turned their attention to WLFI as a reserve asset in treasury. He praised Michael Saylor – the president of Strategy – who is a pioneer in accumulating digital assets as corporate reserves.
'Many public investment funds are interested in holding WLFI in their treasury,' he added.
The development team plans to launch a mobile application to simplify cryptocurrency use for everyday users. 'The retail app is preparing to launch. We are partnering with leading partners and developers in the field,' Folkman shared.
Political connections and financial disclosures
WLFI was launched just two months before the 2024 presidential election. When Trump wins, many businesses have noticed this platform. It has generated hundreds of millions of dollars in revenue for the Trump family business empire.
According to the 2025 financial report submitted to the Office of Government Ethics, President Trump earned $57.4 million personally from this project. He currently owns more than 15 billion WLFI governance Tokens, providing voting rights regarding the development of the network.
The Trump Organization announced in January that the president's investments and businesses would be managed through a trust controlled by his children. However, critics, especially liberal lawmakers, accused these profits of causing conflicts of interest.
They believe that Trump's cryptocurrency-friendly policy directly enhanced the success of cryptocurrency businesses associated with him. His administration made several adjustments in the regulatory framework for digital assets.
Source: https://tintucbitcoin.com/trump-world-liberty-cong-bo-kiem-toan-wlfi/
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