World Liberty Monetary, the crypto enterprise linked to US President Donald Trump, is getting ready to launch an audit of its stablecoin and hinted that its governance token, WLFI, could quickly be transferable.
Talking on the Permissionless convention in Brooklyn on Wednesday, co-founder Zak Folkman advised Blockworks’ Jason Yanowitz that the corporate’s stablecoin had lately acquired its first attestation report from an accounting agency.
Folkman added that the attestation report might be printed on the undertaking’s web site “throughout the subsequent few days.” He additionally urged a major shift could also be coming for WLFI, the undertaking’s governance token.
“I don’t wish to give away an excessive amount of,” he stated, “however should you listen over the following couple of weeks, I feel everybody… goes to be very, very pleased.” WLFI presently grants voting rights however is nontransferable.
Folkman added that World Liberty plans to launch a brand new app geared toward making crypto simpler to make use of for retail contributors, a transfer that might broaden the platform’s enchantment forward of the election cycle.
Associated: Trump administration mulls ‘debanking’ govt order: WSJ
WLFI to change into transferable
Confirming the information in a latest X publish, World Liberty Monetary stated that its WLFI token could quickly change into transferable, following rising demand from its group.
“You requested to make $WLFI transferable — we heard you,” the undertaking stated, including that the staff is actively working behind the scenes to allow the change. The message concluded with a promise of “huge information coming quickly.”
Nonetheless, the announcement acquired combined reactions. Whereas some expressed pleasure about with the ability to purchase WLFI, others had been skeptical.
“Translation: Staff is making an attempt to dump their provide,” X consumer Clemente wrote. “Not simply the staff however retail buyers and foreigners. American center class will soar in lastly to carry the bag as regular,” one other consumer claimed.
Associated: Trump Media says $400M inventory buyback gained’t have an effect on BTC treasury plans
Trump earns huge from crypto
Donald Trump has reported incomes $57.4 million from World Liberty Monetary. In keeping with his 2025 monetary disclosure filed with the Workplace of Authorities Ethics, Trump holds over 15 billion governance tokens within the undertaking, which include voting rights. The earnings comes from token gross sales.
World Liberty Monetary has raised $550 million by two public token gross sales since its launch in September 2024. The platform focuses on DeFi companies and dollar-pegged stablecoins, branding itself as a disruptor of conventional finance.
The undertaking has attracted notable crypto buyers, together with Tron founder Justin Solar, who bought $30 million value of WLFI tokens, and Web3Port, which invested $10 million. Oddiyana Ventures additionally joined as a backer in early 2025.
Journal: MapleStory apologizes for cheaters, Tokyo Beast blows up in Japan, FIFA Rivals: Web3 Gamer
