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2mo ago

World Liberty Financial Plans Stablecoin Audit and App Rollout After $100 Million UAE Investment

Folkman’s comments signal a shift toward transparency with tradable governance rights backed by a major foreign funding boost.

U.S. President Donald Trump speaks next to Crypto czar David Sacks and U.S. Treasury Secretary Scott Bessent at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. REUTERS/Evelyn Hockstein/File Photo
Hong Kong-based crypto entrepreneur Justin Sun, World Liberty Financial co-founder Zach Witkoff and Executive Vice President of the Trump Organization Eric Trump attend the TOKEN2049 conference in Dubai, United Arab Emirates, May 1, 2025. REUTERS/Federico Maccioni/File Photo
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Overview

  • World Liberty Financial will issue an audit of its USD1 stablecoin within days, co-founder Zak Folkman told Reuters.
  • The firm plans to launch a new mobile application designed to simplify cryptocurrency access for everyday investors.
  • UAE-based Aqua1 Foundation purchased $100 million of WLFI governance tokens to become the largest individual investor and fuel expansion of blockchain financial applications.
  • Folkman suggested that WLFI governance tokens could become tradable in the coming weeks, broadening governance participation.
  • After reducing its stake to roughly 40%, the Trump family’s role in WLF has drawn criticism and a Senate inquiry by Sen. Richard Blumenthal over conflicts of interest and foreign influence.