World Liberty Financial Announces Stablecoin Audit, Hints at WLFI Transferability

World Liberty Financial, a crypto venture linked to former US President Donald Trump, is set to release an audit of its stablecoin and has indicated that its governance token, WLFI, may soon become transferable. During a recent conference in Brooklyn, co-founder Zak Folkman announced that the company’s stablecoin had obtained its first attestation report from an accounting firm. This report is anticipated to be published on the project’s website within the next few days. Folkman also hinted at significant changes for WLFI, which currently grants voting rights but is nontransferable. He suggested that these changes could be revealed in the coming weeks, expressing optimism about the upcoming developments.

The potential transferability of WLFI has elicited mixed reactions from the community. While some users are enthusiastic about the possibility of acquiring WLFI, others have expressed skepticism. Some speculate that the team might be looking to offload their supply. Despite the varied responses, World Liberty Financial has confirmed that it is actively working to make WLFI transferable, responding to growing demand from its community.

In addition to the potential transferability of WLFI, World Liberty Financial is planning to launch a new app aimed at making crypto more accessible to retail participants. This move could broaden the platform’s appeal, especially as the election cycle approaches. The project has already raised significant funds through two public token sales since its launch in September 2024, focusing on DeFi services and dollar-pegged stablecoins. The platform has attracted notable investors, including Tron founder Justin Sun and Web3Port, further solidifying its position in the crypto market.

Donald Trump has reported earning $57.4 million from World Liberty Financial, holding over 15 billion governance tokens in the project. These tokens come with voting rights, and the income is derived from token sales. The project’s success is evident in its ability to attract high-profile investors and raise substantial funds, positioning itself as a disruptor in the traditional finance sector. As World Liberty Financial continues to evolve, the potential transferability of WLFI and the launch of its new app could further enhance its appeal and influence in the crypto market.