Trump-Linked World Liberty Financial Prepares Stablecoin Audit, WLFI Token May Become Transferable

World Liberty Financial, the cryptocurrency platform associated with former US President Donald Trump, is set to release an independent audit of its dollar-pegged stablecoin. Co-founder Zak Folkman announced the development during the Permissionless conference in Brooklyn, confirming the project's first attestation report from an accounting firm. The document, expected to be published on the platform's website within days, aims to verify the reserve backing of the stablecoin, informally known as USD1.

The platform's governance token, WLFI, currently non-transferable, may soon gain transferability. World Liberty Financial teased the update in a social media post, stating, "You asked to make $WLFI transferable, we heard you." The team emphasized ongoing efforts to meet community demands, hinting at imminent announcements.

Folkman underscored stablecoins' growing role in transactions, stating, "Stablecoins are really going to be the future of transacting, whether it’s on chain or in the..." The audit and token upgrade could bolster confidence in the Trump-linked crypto venture as regulatory scrutiny of stablecoins intensifies.