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.