A big name in crypto is about to get a closer look. US Liberty Financial (WLF), the firm tied to US President Donald Trump, will release its first audit for the USD1 stablecoin in just days.
The token hit over $2 billion in market cap since its March debut. And that’s not all. WLF is also rolling out a new mobile app for regular investors.
WLF co-founder Zak Folkman shared the news on June 25 at the Permissionless conference in Brooklyn. He said the app will come with clear financial data, showing what funds back each token.
WLF also hinted that WLFI, its governance token, could soon hit exchanges. WLFI has been non-tradable so far and lets holders vote on changes to the USD1 protocol.
Folkman teased that, within weeks, holders “will be very, very happy.” If WLFI starts trading, it could bring new cash into the project—but also fresh price swings.
Reports disclose that the Trump family cut its WLF stake from 60% to 40% in June, pocketing about $130 million. In total, that reduction brought in roughly $190 million for the family business.
Lawmakers and ethics watchdogs have pointed to potential conflicts, given that WLF’s stablecoin operations moved ahead as crypto rules were being eased.
USD1 has already found big users. In March, MGX, a firm in the UAE, invested $2 billion in Binance using USD1 tokens. Earlier in June, WLF ran a $4 million USD1 airdrop that reached over 85,000 wallets.
The key will be how the audit actually reads. Will the numbers match WLF’s claims? Then there’s the app’s rollout and whether it draws a crowd. Finally, a WLFI listing could shake up trading desks.
If everything lines up, USD1 could sit alongside the top stablecoins by the end of the year. But any surprises in the audit or a rocky app launch could slow that momentum.
Featured image from Pexels, chart from TradingView
