Trump-linked crypto firm plans stablecoin audit and new investor app
World Liberty Financial (WLF), the Donald Trump-linked decentralised finance (DeFi) platform, is preparing to release an independent audit of its stablecoin USD1 and will soon launch a new mobile app aimed at retail crypto investors. WFL co-founder Zak Folkman shared the update during the Permissionless Conference in Brooklyn on June 25. Folkman confirmed that the company had completed its first accounting attestation and would publish the report within days. The audit will detail the reserves backing USD1, which include US dollar deposits, treasuries, and cash equivalents. BitGo is acting as the custodian, and WLF will begin publishing monthly reserve updates to enhance transparency.
USD1 has reached a market cap of $2.2 billion since…
