Binance Eyes Trump-Backed WLF’s USD1 Stablecoin as Audit and Crypto App Launch Nears

World Liberty Financial (WLF), a cryptocurrency firm endorsed by former President Donald Trump, is making significant strides with its USD1 stablecoin initiative. The company has announced plans to release its first reserve audit this month, followed by monthly attestations, aiming to enhance transparency and trust in the $2.2 billion market cap asset. The USD1 stablecoin is built on Ethereum, BNB Chain, and TRON, positioning it as a versatile option in the competitive stablecoin market. This move is seen as a strategic effort to attract more users and investors, particularly those aligned with Trump's endorsement. The upcoming audit and product rollout could further solidify WLF's position in the crypto space, with Binance likely monitoring these developments closely given its prominence in the industry.

Trump-Backed WLF Prepares USD1 Audit and Crypto App Launch

World Liberty Financial (WLF), a cryptocurrency firm endorsed by former President Donald Trump, is advancing its USD1 stablecoin initiative with a transparency push and consumer-focused product rollout. The company will release its first reserve audit this month, followed by monthly attestations—a MOVE designed to bolster confidence in the $2.2 billion market cap asset.

The Ethereum, BNB Chain, and TRON-based stablecoin combines dollar deposits, Treasuries, and cash equivalents under BitGo's custody. WLF co-founder Zak Folkman confirmed the audit timeline during the Permissionless conference, emphasizing the firm's commitment to financial transparency as adoption grows.

Parallel to the audit, WLF is developing a mobile application targeting mainstream crypto users. The platform's WLFI governance token may soon become exchange-tradable, though it currently serves only as a voting mechanism for protocol upgrades.

Despite political scrutiny over Trump's financial ties to the project, USD1 has gained traction through high-profile deals including a $2 billion Binance investment by UAE's MGX and distribution to 85,000 wallets via a $4 million airdrop.

Binance Delists Five Altcoins in Latest Market Integrity Move

Binance has announced the delisting of five altcoins—Stella (ALPHA), Biswap (BSW), Komodo (KMD), LeverFi (LEVER), and LTO Network (LTO)—effective July 4, 2025. The exchange cited routine reviews of development activity, liquidity, and regulatory compliance as the basis for its decision.

Spot trading for these assets will cease on the specified date, though users may transfer holdings to other platforms or cancel open orders until then. Market participants are advised to reassess exposure, with derivatives and credit products impacted variably by trading pair dependencies.

The move underscores Binance's adherence to stringent listing standards, reinforcing its position as a gatekeeper of crypto market integrity. Affected communities may pivot to alternative exchanges or self-custody solutions to maintain liquidity.