• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
Trump

Stablecoin Checkup: Trump-Backed Company Plans To Launch App, Audit

Christian Encila
by Christian Encila
3 months ago
·
Posted in Stablecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A big name in crypto is about to get a closer look. US Liberty Financial (WLF), the firm tied to US President Donald Trump, will release its first audit for the USD1 stablecoin in just days.

Related Reading: Wait—Ripple Came Before Bitcoin? Newly Uncovered Document Says So

The token hit over $2 billion in market cap since its March debut. And that’s not all. WLF is also rolling out a new mobile app for regular investors.

Audit To Reveal Reserve Details

According to reports, the audit will spell out what backs every USD1 token. WLF says the stablecoin is covered by US dollar deposits, cash equivalents and US Treasuries. BitGo holds those assets in custody.

Once the audit hits, WLF plans to publish monthly reserve updates. That level of transparency could help win over big players and everyday users alike.

Zak Folkman, the co-founder of U.S. President Donald Trump’s cryptocurrency platform World Liberty Financial, said on Wednesday that the company will issue an audit of its stablecoin “within days” and that it planned a new app. https://t.co/kTZVLB7n7O

— Reuters Legal (@ReutersLegal) June 26, 2025

Mobile App Aims At Everyday Investors

Based on reports, the upcoming app will make it easier for people to buy, hold and send USD1. It looks to simplify on-ramps and off-ramps so that someone new to crypto won’t feel lost.

WLF co-founder Zak Folkman shared the news on June 25 at the Permissionless conference in Brooklyn. He said the app will come with clear financial data, showing what funds back each token.

Governance Token May Open Trading

WLF also hinted that WLFI, its governance token, could soon hit exchanges. WLFI has been non-tradable so far and lets holders vote on changes to the USD1 protocol.

Folkman teased that, within weeks, holders “will be very, very happy.” If WLFI starts trading, it could bring new cash into the project—but also fresh price swings.

Total crypto market cap currently at $3.25 trillion. Chart: TradingView

Trump Family’s Stake Shift Draws Scrutiny

Reports disclose that the Trump family cut its WLF stake from 60% to 40% in June, pocketing about $130 million. In total, that reduction brought in roughly $190 million for the family business.

Lawmakers and ethics watchdogs have pointed to potential conflicts, given that WLF’s stablecoin operations moved ahead as crypto rules were being eased.

Image: HappyCoin

Institutional Deals And Airdrop Boost

USD1 has already found big users. In March, MGX, a firm in the UAE, invested $2 billion in Binance using USD1 tokens. Earlier in June, WLF ran a $4 million USD1 airdrop that reached over 85,000 wallets.

Related Reading: Crypto Reserves Go Global: Nasdaq-Listed Chinese Tech Giant Joins Trend

What Comes Next

The key will be how the audit actually reads. Will the numbers match WLF’s claims? Then there’s the app’s rollout and whether it draws a crowd. Finally, a WLFI listing could shake up trading desks.

If everything lines up, USD1 could sit alongside the top stablecoins by the end of the year. But any surprises in the audit or a rocky app launch could slow that momentum.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Visa Stablecoins

Visa Pilots Stablecoin Prefunding To Modernize Cross-Border Payments

1 week ago
Euro Stablecoins

Nine Banks Unite On Euro Stablecoin, Eyeing Rollout In Second Half Of 2026

2 weeks ago
Stablecoin USDH w ekosystemie Hyperliquid

Nowy stablecoin USDH od Hyperliquid. Jak zyska na tym spółka HYLQ?

2 weeks ago
Stablecoins CFTC

Stablecoins Recognized As Future Collateral: CFTC Opens Public Consultation

2 weeks ago
solana

Kazakhstan Launches Solana-Powered Stablecoin In Partnership With Mastercard

2 weeks ago
GENIUS Act

US Treasury Seeks Public Comment On Implementation Of GENIUS Act – Details

2 weeks ago

Premium Sponsors

Press Releases

  • BNB

    ChatGPT предвижда BNB да достигне $2,500...

    19 hours ago
  • Maxi Doge นักสู้เหรียญมีมยืนโพสท่าในสังเวียนมวย

    Binance-Peg DOGE นำโด่ง Top 11...

    2 days ago
  • Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s $22M Presale—Plus, Our $HYPER Price Prediction.

    Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s...

    2 days ago
  • ...

    3 days ago
  • Your Chance to Win Up to 10% Deposit Bonus and Up to 21K $USDT Bonus Prizes at KCEX

    Your Chance to Win Up to 10% Deposit Bonus and Up to 21K...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.