New developments aim to boost transparency, accessibility, and adoption of digital assets under the Trump family’s growing crypto venture.
Brooklyn, NY — In a significant push to expand its footprint in the digital finance world, World Liberty Financial (WLF)—the cryptocurrency venture spearheaded by former U.S. President Donald Trump’s family—is preparing to release a long-awaited audit of its stablecoin USD1 and roll out a new app designed to simplify cryptocurrency usage for everyday investors.
Zak Folkman, co-founder of WLF, shared these updates during the Permissionless Conference in Brooklyn, New York, underscoring the project’s continued ambition to shape the decentralized finance (DeFi) landscape.
A Transparency Drive: Stablecoin Audit Incoming
Folkman revealed that WLF’s dollar-pegged stablecoin, USD1, recently completed its first independent attestation from an accounting firm. The report is expected to be released publicly within days. This move marks a critical step toward boosting investor confidence and aligning the project with growing calls for transparency in the stablecoin sector.
“Transparency is key, especially as regulatory interest in digital dollars intensifies,” Folkman said. “This audit is part of our commitment to show that USD1 is not just another token—it’s a stable, fully-backed alternative designed for both on-chain and real-world use.”
USD1, which launched in March 2025, is pegged 1:1 to the U.S. dollar and is backed by a combination of U.S. Treasuries and cash equivalents. The stablecoin includes monthly attestation reports and is being positioned as a solution for global dollar access, cross-border payments, and decentralized financial services such as lending and borrowing.
Crypto for the Masses: A New App on the Horizon
Beyond auditing, WLF is also set to debut a new app intended to lower the barrier to entry for retail crypto investors. Folkman noted that the platform will focus on simplifying digital asset transactions, making it easier for mainstream users to buy, sell, and utilize crypto without complex onboarding or high technical knowledge.
“Our goal is to make crypto accessible to everyone—from first-time users to seasoned DeFi participants,” Folkman explained. “This app will bridge that gap and serve as an entry point into the World Liberty ecosystem.”
While specific features of the app were not disclosed, it is expected to integrate functionality around stablecoin payments and potentially support trading of the company’s WLFI governance token.
WLFI Token Could Soon Become Tradable
Another potentially major shift for WLF is the upcoming change in the WLFI governance token’s status. Currently, the token grants holders voting rights on the platform’s development but cannot be traded on secondary markets—an issue that has drawn criticism from segments of the crypto community.
However, that could soon change. “If you pay attention over the next couple of weeks, I think everyone is going to be very, very happy,” Folkman said with a hint of optimism, suggesting that the token might soon become tradable, thereby increasing its utility, liquidity, and appeal to investors.
From Mar-a-Lago to Market: Trump’s Crypto Journey
Founded in late 2024 by Donald Trump Jr. and Eric Trump, World Liberty Financial was unveiled at a formal event held at the Mar-a-Lago estate. The venture marked the Trump family’s bold entry into the crypto arena, positioning itself as a counterpoint to traditional banking systems by embracing DeFi principles.
Initially, the platform struggled to gain traction, selling only $2.7 million worth of WLFI tokens by October 2024. However, Trump’s win in the 2024 presidential election dramatically shifted momentum. By early 2025, WLF had raised over $550 million through WLFI sales, generating substantial revenue for the Trump Organization’s crypto endeavors.
Despite its financial success, the project has faced scrutiny for offering limited economic utility to WLFI holders and restricting token tradability. The anticipated update on WLFI’s tradeability could be a strategic move to address those concerns.
Expanding the Role of Stablecoins in Global Finance
With regulatory scrutiny around stablecoins growing, WLF appears to be strategically aligning itself to meet evolving compliance standards while promoting its digital dollar as a viable tool for international finance.
“USD1 is more than a payment solution,” Folkman stated. “It’s a tool for financial inclusion, global dollar access, and seamless participation in the decentralized economy.”
As WLF prepares for a pivotal phase in its development—marked by transparency efforts, user-focused tools, and potential token listing—the venture signals the Trump family’s serious stake in shaping the future of crypto finance.
