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3d ago

World Liberty Financial to Release Stablecoin Audit, Launch App After $100 Million UAE Investment

A $100 million governance token purchase by UAE’s Aqua1 Foundation has sharpened concerns over foreign influence on the Trump family–backed platform.

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
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Overview

  • Aqua1 Foundation, a UAE-based Web3 fund, purchased $100 million in World Liberty Financial governance tokens, making it the venture’s largest investor and securing significant voting rights.
  • Co-founder Zak Folkman said the company will publish an independent audit of its USD1 stablecoin within days and launch a user-friendly crypto app shortly thereafter.
  • The WLFI governance token, initially non-tradeable, may become tradable for accredited investors in the coming weeks, Folkman indicated.
  • The Trump family’s controlling stake in World Liberty Financial has been diluted to roughly 40%, down from 60% earlier this month, following the Aqua1 investment and prior capital raises.
  • Sen. Richard Blumenthal’s inquiry and warnings from ethics experts over foreign investment and potential conflicts of interest have intensified regulatory scrutiny of the Trump-backed platform.