Trump-Backed Firm WLF Prepares USD1 Stablecoin Audit and Mobile App Launch

US Liberty Financial (WLF), the cryptocurrency platform linked to former President Donald Trump, is set to release its first audit for the USD1 stablecoin within days. The token, which debuted in March, has surpassed a $2 billion market capitalization. The audit will detail the reserves backing USD1, reportedly comprising US dollar deposits, cash equivalents, and Treasuries held by BitGo.

WLF plans to publish monthly reserve reports following the audit, a MOVE aimed at bolstering confidence among institutional and retail investors. Co-founder Zak Folkman announced the audit timeline at the Permissionless conference in Brooklyn, alongside plans for a new mobile app targeting mainstream users.

The forthcoming app will streamline buying, holding, and transferring USD1, with simplified fiat on-ramps and educational resources for crypto newcomers. This dual transparency-and-access strategy mirrors growing industry efforts to bridge traditional finance with digital assets.