Trump-Backed Crypto Firm Announces Upcoming Stablecoin Audit and New App Launch
June 26, 2025 — World Liberty Financial (WLF), the cryptocurrency platform co-founded by U.S. President Donald Trump, revealed plans this week to publish an audit of its stablecoin and to launch a new mobile application designed to simplify cryptocurrency usage for everyday investors.
Speaking at the Permissionless conference in Brooklyn, New York, Zak Folkman, WLF’s co-founder, shared updates regarding the company’s progress and future initiatives. Folkman indicated that the stablecoin’s first attestation report by an independent accounting firm has recently been completed. He confirmed that this financial audit would be made publicly available on the company’s website within days, emphasizing WLF’s commitment to transparency in its financial operations.
In addition to the stablecoin audit, Folkman hinted at the upcoming launch of a new app aimed at making cryptocurrency more accessible for the general public. While details remained limited, the app is expected to streamline the investment process in the crypto market.
Folkman also addressed questions concerning WLF’s governance token, WLFI, which was introduced shortly before the 2024 U.S. presidential election. The token, which currently cannot be traded on secondary markets, grants holders the right to vote on project changes and influence the platform’s development direction. When asked whether WLFI would soon become tradable, Folkman refrained from providing explicit details but suggested that an announcement might be forthcoming in the near future, potentially delighting stakeholders.
Since its launch, WLFI has generated hundreds of millions of dollars in revenue for the Trump family business. However, the Trump Organization’s involvement in cryptocurrency has attracted significant scrutiny. Critics, including Democratic lawmakers and government ethics watchdogs, have raised concerns over potential conflicts of interest, particularly given President Trump’s concurrent rollback of regulatory enforcement and easing of cryptocurrency industry oversight.
In response to such concerns, the Trump Organization disclosed in January that the president’s investments and business interests would be placed in a trust managed by his children, aiming to mitigate conflict-of-interest issues.
Requests for comment from the White House and the Trump Organization have so far gone unanswered.
As World Liberty Financial continues to expand its crypto footprint, the upcoming stablecoin audit and new app launch mark important steps in the company’s goal to increase transparency and user accessibility in the rapidly evolving cryptocurrency space.
Reporting by Michelle Conlin in New York. Editing by Marguerita Choy.