Trump-linked crypto firm World Liberty Financial (WLF) is able to launch its cell program as its USD1 stablecoin nears the primary unbiased audit publication.
The corporate has additionally indicated the potential enlargement of the utility of its WLFI governance token.
USD1 Market Cap Reaches $2.2 Billion
Since its launch in March 2025, World Liberty Financial USD1 is on target to develop into the fastest-growing USD1 stablecoin out there with a market capitalization of $2.2 billion.
This growth has been attributed to the rising institutional curiosity degree and a broader retail adoption. USD1 is secured with deposits in U.S. greenback, money equivalents, and U.S. Treasuries.
As well as, the stablecoin runs on Ethereum, BNB Chain, and TRON networks, and the reserves custodian is BitGo.
It has multi-chain programs and an audited backing construction which have given it credibility amongst customers. To make sure transparency, WLF has said that it shall begin to situation month-to-month reserve experiences.
Subsequently in June, the challenge received an extra increment upon dispersion of roughly 4 million USD1 of airdrop to a number of upward 85000 wallets.
This outreach marketing campaign aimed toward educating individuals and establishing belief throughout the framework of the stablecoin.
Institutional use circumstances have additionally been reported, with UAE-based MGX deploying USD1 in a $2 billion Binance funding.
World Liberty Financial Audit Report
Extra so, World Liberty Financial co-founder Zak Folkman introduced on June 25 that the corporate’s first audit report for USD1 can be accessible inside days.
The audit will present an official evaluation of the reserves backing the stablecoin. Based on Folkman, the audit was performed by an unbiased accounting agency and can be accessible on the corporate’s web site.
Moreover, this assertion got here throughout the Permissionless Convention in Brooklyn, the place Folkman addressed the significance of economic transparency.
He famous that the audit would help WLF’s dedication to accountability within the stablecoin area. Month-to-month reserve disclosures are additionally set to develop into customary observe for the platform.
New Cellular App to Goal Retail Crypto Adoption
Alongside the audit, WLF plans to introduce a cell app targeted on simplifying crypto use for on a regular basis buyers.
The app will present functionalities that can enable customers to commerce utilizing USD1 and handle their positions extra successfully.
Based on Folkman, the idea of the platform is to offer a usable platform that merges conventional finance with blockchain.
Notably, this cell app would be the agency’s first direct product aimed toward retail customers. The discharge is an extension of the bigger rollout plan of WLF to enhance usability and attain. Though Folkman didn’t give a precise launch date, he famous that the app is close to its final stage of improvement and could possibly be launched quickly.
WLFI Token May Turn out to be Tradable Quickly
In his tackle on the convention, Folkman additionally hinted at a possible modification to its platform governance token, WLFI.
He indicated that the presently non-tradable token may be tradable throughout the upcoming weeks. Presently, WLFI permits holders to vote on protocol adjustments and decision-making.
The token, launched in 2025, has contributed to the earnings of the Trump household enterprise. Based on experiences, in June, the Trump Group minimize its stake in World Liberty Financial to 40%, producing about $190 million.
Based on accessible info, WLFI holders presently can’t commerce the token on exchanges. When requested instantly about whether or not WLFI could be listed, Folkman responded that observers ought to “concentrate” over the approaching weeks, suggesting that an replace could also be imminent.
No official change listings or time frames have been confirmed at this stage. However as WLF pursued the tradability of WLFI, there was criticism by lawmakers and ethics teams.
Skeptics have issued criticisms over problems with battle of curiosity, for the reason that platform has connections to regulatory rollbacks within the cryptocurrency area beneath the current administration.
Nevertheless, WLF’s exploration of WLFI’s tradability got here amid scrutiny from lawmakers and ethics teams.
Critics have raised issues about conflicts of curiosity, given the platform’s ties to regulatory rollbacks within the crypto sector throughout the present administration.
