World Liberty Financial, the cryptocurrency platform associated with US President Donald Trump, is preparing to publish an official audit of its dollar-pegged stablecoin. Co-founder Zak Folkman revealed the update on Wednesday during the Permissionless conference held in Brooklyn. Speaking on stage with Blockworks’ Jason Yanowitz, Folkman said the project had recently secured its first attestation report from an independent accounting firm. According to the WLFI co-founder, the document will be posted to the Web3 platform’s website “within the next few days.” The attestation could provide assurance about the reserve backing of the company’s stablecoin, known informally as USD1 . WLFI, the governance token of the World Liberty ecosystem, currently provides holders with voting rights and a say in the decentralized finance (DeFi) governance process, but is non-transferable as of now. WLFI transferability coming soon World Liberty Financial confirmed in a recent post on the social media platform X that the WLFI token may soon be made transferable. “You asked to make $WLFI transferable, we heard you,” the company wrote, promising that the team is “actively working behind the scenes” to meet community expectations. The post concluded with the promise of “big news coming soon.” “ Stablecoins are really going to be the future of transacting, whether it’s on chain or in the real world. A stablecoin is only as stable as the assets that back it. And it’s one thing to be able to see a monthly attestation report that’s published on a website from a financial auditor ,” Folkman told Yanowitz during their chat. The WLFI token has a fixed total supply of 100 billion units. So far, 25 billion tokens have been sold publicly, raising $550 million. The platform has also conducted private sales, according to token listing site ICODrops. Folkman also mentioned that several institutional investors have their sights set on WLFI as a treasury asset. He commended Strategy executive chairman Michael Saylor for starting the concept of holding digital assets as corporate reserves. “ There has been a lot of interest from several public vehicles who want to use WLFI to be held in their treasuries as well, ” he noted. The team is planning to launch a mobile application to simplify the use of cryptocurrency for day-to-day users. “ You can see that the retail application is coming. It’s something that we’ve been working on for a very long time now with some of the best partners and builders in the space, both on our team and companies that we’ve partnered with ,” the co-founder remarked. Political connections and financial disclosures WLFI was launched just two months ahead of the 2024 presidential election, and when President Trump got elected, several firms picked an interest in the platform. It has generated hundreds of millions of dollars in revenue for the Trump family’s business empire. President Trump, according to a 2025 financial disclosure filed with the Office of Government Ethics, personally earned $57.4 million from the project. He currently holds over 15 billion WLFI governance tokens, which provide him with voting rights over the network’s direction. The Trump Organization stated in January that the president’s investments and business dealings would be held in a trust managed by his children. Despite that arrangement, critics, including liberal lawmakers, say the profits Trump has yielded present a conflict of interest . They argue that Trump’s pro-crypto policies are directly adding to the success of crypto businesses with which he is affiliated with. His administration has made several changes to the regulatory enforcement of digital assets. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
