World Liberty Monetary, the cryptocurrency enterprise affiliated with US president Donald Trump, is getting ready to launch a third-party audit of its stablecoin and roll out a brand new cellular app within the coming days, co-founder Zak Folkman mentioned on Wednesday.
Talking on the Permissionless convention hosted by Blockworks in Brooklyn, Folkman reportedly mentioned the audit, accomplished by an impartial accounting agency, shall be revealed quickly.
The transfer comes because the agency tries to bolster belief in its monetary infrastructure whereas going through intense political scrutiny.
Folkman additionally teased the potential for future adjustments to the platform’s governance token, WLFI, which at the moment can’t be traded. “I don’t wish to give away an excessive amount of, however for those who concentrate over the subsequent couple of weeks, I feel everybody goes to be very, very glad,” he instructed the viewers when requested about potential token liquidity.
@zakfolkman —co-founder of @worldlibertyfi is speaking about $WLFI
“Yeah, so, first issues first. I don’t wish to give away an excessive amount of. However for those who concentrate over the subsequent couple weeks, I feel everybody who desires to know when World Liberty goes to be very, very glad.… pic.twitter.com/L0tpduqpWB— Crypto Peak (@cryptopeakx) June 26, 2025
As Trump Earns Thousands and thousands From Tokens, Ethics Teams Sound Alarm on Business Affect
Launched earlier this yr, WLFI has already generated a whole lot of tens of millions of {dollars} in income for Trump’s household enterprise. The token grants holders voting rights on community proposals and roadmap selections, however not possession stakes.
Earlier this month, public disclosures revealed that Trump personally obtained $57.35m from WLFI token gross sales and nonetheless holds 15.75b tokens within the enterprise.
The undertaking has drawn sharp criticism from Democratic lawmakers and ethics watchdogs, who argue it raises critical issues over conflicts of curiosity.
They level to the timing, as Trump has supported deregulatory measures in crypto whereas benefiting financially from the sector. In January, the Trump Group mentioned the previous president’s enterprise pursuits are managed by means of a belief overseen by his kids.
WLF Bets on Simplicity to Drive Mainstream Adoption
Folkman mentioned the corporate’s upcoming app is aimed toward making digital property extra accessible to mainstream customers. The platform will combine stablecoin funds and pockets performance. It’s designed with a easy interface to encourage wider adoption.
In the meantime, World Liberty’s fast fundraising, fueled by token gross sales and robust model visibility, has made it a big participant. This rise comes throughout a politically delicate yr for the crypto sector.
Nonetheless, questions persist. Observers are uncertain how a lot transparency and oversight the agency is ready to just accept.
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