Trump-backed World Liberty to release stablecoin audit, make WLFI transferable
Speaking at the Permissionless conference in Brooklyn on Wednesday, co-founder Zak Folkman told Blockworks' Jason Yanowitz that the company's stablecoin had recently received its first attestation report from an accounting firm.
Folkman added that the attestation report will be published on the project's website 'within the next few days.' He also suggested a significant shift may be coming for WLFI, the project's governance token.
'I don't want to give away too much,' he said, 'but if you pay attention over the next couple of weeks, I think everyone… is going to be very, very happy.' WLFI currently grants voting rights, but they are nontransferable.
Folkman added that World Liberty plans to launch a new app aimed at making crypto easier to use for retail participants, a move that could broaden the platform's appeal ahead of the election cycle.
WLFI to become transferable
Confirming the news in a recent X post, World Liberty Financial said that its WLFI token may soon become transferable, following growing demand from its community.
'You asked to make $WLFI transferable — we heard you,' the project said, adding that the team is actively working behind the scenes to enable the change. The message concluded with a promise of 'big news coming soon.'
Still, the announcement received mixed reactions. While some expressed excitement about being able to acquire WLFI, others were skeptical.
'Translation: Team is trying to dump their supply,' X user Clemente wrote. 'Not just the team but retail investors and foreigners. American middle class will jump in finally to hold the bag as usual,' another user claimed. Trump earns big from crypto
Donald Trump has reported earning $57.4 million from World Liberty Financial. According to his 2025 financial disclosure filed with the Office of Government Ethics, Trump holds over 15 billion governance tokens in the project, which come with voting rights. The income comes from token sales.
World Liberty Financial has raised $550 million through two public token sales since its launch in September 2024. The platform focuses on DeFi services and dollar-pegged stablecoins, branding itself as a disruptor of traditional finance.
The project has attracted notable crypto investors, including Tron founder Justin Sun, who purchased $30 million worth of WLFI tokens, and Web3Port, which invested $10 million. Oddiyana Ventures also joined as a backer in early 2025.
Source: https://cointelegraph.com/news/trump-crypto-platform-wlfi-transferable-stablecoin-audit
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