Trump-backed World Liberty to release stablecoin audit, make WLFI transferable
World Liberty Financial, the crypto venture associated with Donald Trump, is set to release its first stablecoin audit and may soon allow the transfer of its governance token, WLFI. Co-founder Zak Folkman announced at the Permissionless conference that an attestation report from an accounting firm would be available on their website shortly. The WLFI token currently grants voting rights, but is nontransferable; however, there is significant community demand for it to become transferable. Following this demand, the team confirmed they are working on making WLFI transferable and promised further announcements soon. Reactions to the announcement were mixed, with some users excited about the potential to hold WLFI tokens, while others expressed skepticism regarding the timing and intent behind the change. Trump himself reportedly holds over 15 billion WLFI tokens, contributing to his income from token sales, as World Liberty Financial aims to disrupt traditional finance with DeFi services and dollar-pegged stablecoins. The platform has thus far raised $550 million since its inception in September 2024, attracting substantial investments from notable crypto investors.
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