World Liberty Financial (WLF), the cryptocurrency venture backed by former U.S. President Donald Trump and his family, is preparing to publish an audit of its stablecoin “within days” and is planning the launch of a new app aimed at making crypto more accessible to everyday investors. Zak Folkman, co-founder of WLF, revealed these developments during an interview at the Permissionless conference in Brooklyn, New York.
Folkman also hinted that the company’s governance token, WLFI, could soon become tradable, a move that would mark a significant shift for the project. Currently, WLFI tokens provide holders with voting rights on the platform’s development but are not tradable on secondary markets. “If you pay attention over the next couple of weeks, I think everyone is going to be very, very happy,” Folkman said, without providing further details.
Embracing decentralized finance
World Liberty Financial was launched in late 2024 by Donald Trump’s sons, Donald Jr. and Eric Trump. This initiative is part of the family’s broader foray into the cryptocurrency space. The project was formally introduced at an event held at Trump’s Mar-a-Lago estate. It emphasized a break from traditional banking and an embrace of decentralized finance (DeFi). The platform’s flagship offering is the WLFI governance token, which was marketed as a way for holders to influence the platform’s direction.
Despite initial slow sales, with only $2.7 million worth of tokens sold by October 2024, the project gained momentum. This shift occurred following Trump’s victory in the 2024 presidential election. By early 2025, World Liberty had raised over $550 million through the sale of WLFI tokens, generating hundreds of millions in revenue for the Trump family’s business interests. However, the tokens have been criticized for lacking tradability and offering limited economic benefits to holders beyond voting rights.
In March 2025, World Liberty announced the launch of USD1, a dollar-pegged stablecoin backed by U.S. treasuries and cash equivalents. The stablecoin aims to provide a transparent, secure, and stable digital dollar alternative for on-chain and real-world transactions. According to Folkman, the stablecoin recently received its first attestation report from an accounting firm, which will be published publicly to enhance transparency.
USD1 as a cross-border payment solution
Zak Folkman emphasized that the company is focused on making cryptocurrency more user-friendly and accessible. The upcoming app aims to simplify crypto transactions for everyday investors. The company is also exploring making the WLFI governance token tradable, which could increase liquidity and market participation.
The stablecoin USD1 is designed to be fully backed and redeemable 1:1 for U.S. dollars. It includes monthly audited reports to ensure transparency, which is a critical feature amid growing regulatory interest in stablecoins. The company promotes USD1 as a solution for cross-border payments. It also offers global dollar access and supports decentralized finance applications such as lending and borrowing.
