The crypto company World Liberty Financial, which is supported by US President Donald Trump, is preparing to release a third-party report confirming the reserves behind its stablecoin.
The company also hinted that its WLFI token, which is currently non-transferable, may be unlocked for trading.
At the Permissionless conference held in Brooklyn on June 25, co-founder Zak Folkman explained that the stablecoin had recently completed its first external review.
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He noted that the report would be published on the company’s website in the coming days.
Folkman also pointed to possible changes involving the WLFI token. He said people should pay attention over the next couple of weeks and hinted that many would be pleased with what’s coming.
In a post on X, World Liberty Financial confirmed that work is underway to address this issue. The team stated that the community has requested WLFI to become transferable, and the company is working to make this happen.
Additionally, the company is also developing a new mobile app designed to make crypto easier to use for everyday users. According to Folkman, the app may help more people interact with the platform, especially ahead of the upcoming US election.
Meanwhile, World Liberty Financial recently took action against a crypto wallet project using the Trump name without permission. What did the company do? Read the full story.
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