World Liberty Financial USD1 Stablecoin Audit Nears Completion

World Liberty Financial (WLF) is on the verge of launching its mobile application as the independent audit of its USD1 stablecoin nears completion. The company has also hinted at potential expansions for its WLFI governance token, which is currently non-tradable.

The USD1 stablecoin, launched in March 2025, has seen significant growth, reaching a market capitalization of $2.2 billion. This growth is attributed to increasing institutional interest and broader retail adoption. The stablecoin is secured with deposits in U.S. dollars, cash equivalents, and U.S. Treasuries, and operates on Ethereum, BNB Chain, and TRON networks. BitGo serves as the reserves custodian, and WLF has committed to issuing monthly reserve reports to ensure transparency.

In June, the project distributed approximately 4 million USD1 in an airdrop to over 85,000 wallets. This campaign aimed to educate users and build trust within the stablecoin ecosystem. Institutional use cases have also been reported, with UAE-based MGX deploying USD1 in a $2 billion Binance investment.

World Liberty Financial co-founder Zak Folkman announced on June 25 that the company’s first audit report for USD1 will be available within days. The audit, conducted by an independent accounting firm, will provide an official assessment of the reserves backing the stablecoin and will be accessible on the company’s website. Folkman emphasized the importance of financial transparency during his address at the Permissionless Conference in Brooklyn, noting that the audit supports WLF’s commitment to accountability in the stablecoin space.

In addition to the audit, WLF plans to introduce a mobile app designed to simplify crypto use for everyday investors. The app will offer functionalities that allow users to trade using USD1 and manage their positions more effectively. Folkman described the platform as a usable interface that merges traditional finance with blockchain technology. This mobile app will be the firm’s first direct product aimed at retail users and is part of WLF’s larger rollout plan to improve usability and reach. Although an exact launch date has not been provided, Folkman indicated that the app is in its final stages of development and could be launched soon.

Folkman also hinted at a potential modification to the WLFI governance token, suggesting that it could become tradable within the upcoming weeks. Currently, WLFI enables holders to vote on protocol changes and decision-making. The token, released in 2025, has contributed to the earnings of the Trump family business. In June, the Trump Organization reduced its stake in World Liberty Financial to 40%, generating about $190 million. However, WLFI holders currently cannot trade the token on exchanges, and no official exchange listings or time frames have been confirmed. Critics have raised concerns about conflicts of interest due to the platform’s ties to regulatory rollbacks in the crypto sector during the current administration.