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.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
