Trump-Linked Crypto Platform Plans Stablecoin Audit and New App Launch
World Liberty Financial (WLF), the cryptocurrency venture backed by former U.S. President Donald Trump, is preparing to release a stablecoin audit and unveil a new crypto app for everyday investors, according to co-founder Zak Folkman. The announcement was made during an interview at the Permissionless conference hosted by Blockworks in Brooklyn, New York.
The developments are part of WLF’s growing ecosystem, launched just two months ahead of the 2024 U.S. presidential election, and reportedly generating hundreds of millions in revenue for the Trump family business.
Stablecoin Audit to Be Released Within Days
Folkman stated that WLF’s stablecoin has received its first attestation report from an independent accounting firm, confirming the reserves backing the digital asset. He promised the report will be published on WLF’s official website within days. “Transparency is critical. The audit will go live very soon,” said Folkman, highlighting the company’s focus on compliance amid increased scrutiny.
WLFI Token May Soon Be Tradable, Hints Folkman
A key moment in the interview came when Blockworks co-founder Jason Yanowitz asked whether WLF’s governance token, WLFI, would become tradable. WLFI currently gives holders voting power on project changes, but it is not available for trading.
Folkman responded cryptically: “I don’t want to give away too much, but if you pay attention over the next couple of weeks, I think everyone is going to be very, very happy.” This statement has sparked speculation that WLFI may soon hit crypto exchanges, which could significantly expand WLF’s market presence.
World Liberty Financial App to Target Mainstream Crypto Adoption
Folkman also revealed that WLF is developing a new mobile app designed to make crypto “seamless for everyday investors.” The goal is to simplify blockchain and stablecoin use for the general public, a move that could help expand the firm’s user base beyond traditional crypto enthusiasts.
Political and Ethical Controversy Surrounds Trump’s Crypto Push
The Trump-backed initiative has not been without controversy. Democratic lawmakers and ethics watchdogs have raised concerns about potential conflicts of interest, especially as regulatory enforcement on crypto weakens under the current administration. Critics argue that Trump’s involvement—alongside his administration’s stance on deregulation—blurs the line between public service and private profit.
In response to scrutiny, the Trump Organisation stated in January that the president’s business assets are held in a trust managed by his children. However, neither the White House nor the Trump Organisation has responded to recent media inquiries about the crypto venture.
World Liberty Financial Eyes Growth Amid Political Backdrop
As the 2024 presidential race intensifies, World Liberty Financial is positioning itself at the intersection of blockchain innovation and political influence. With a stablecoin audit, new investor-focused app, and hints of WLFI token tradability, the company is shaping up to be one of the most closely watched crypto platforms in the U.S.
