In the ever-changing landscape of the cryptocurrency market, the DeFi project World Liberty Financial (WLFI), associated with the Trump family, is becoming the focus of industry attention. Recently, WLFI has been very active, not only planning to promote the tradability of its governance token WLFI to meet the strong market demand for liquidity but also announcing an audit of its USD1 stablecoin and the launch of a new mobile application. Additionally, several publicly listed companies have shown strong interest in incorporating WLFI tokens into their reserve assets, signaling that the WLFI ecosystem is about to undergo significant changes.
For a long time, the WLFI token has been criticized for its non-tradable nature as a governance tool within the World Liberty Financial ecosystem, which has limited its liquidity in the secondary market. However, this situation is about to change. World Liberty Financial has made it clear that it is actively promoting the transferability of the WLFI token in response to investors' demand for more user-friendly utility.
Currently, WLFI tokens are locked in user wallets and cannot be traded on exchanges. Once the transfer function is enabled, it will provide holders with the possibility to deposit, trade, and even list the token on the market, thus opening the door to peer-to-peer trading and potentially paving the way for a future initial public offering (IPO). Although specific timelines and technical details have not been disclosed, this change will undoubtedly significantly enhance the liquidity and price discovery transparency of the WLFI token and may trigger broader market demand.
Previously, WLFI sold over 25 billion tokens through two rounds of financing, raising $550 million. The move towards token tradability will undoubtedly provide these early investors (including politicians and institutions) with a long-awaited liquidity exit. However, given WLFI's close ties to the Trump family and the ongoing scrutiny of token sales by politically related entities, allowing transfers may also raise regulatory concerns.
In addition to the changes with the WLFI token, World Liberty Financial has also taken an important step in the stablecoin sector. According to co-founder Zak Folkman, WLFI plans to conduct a comprehensive audit of its USD1 stablecoin, which is expected to be completed in a few days. This audit aims to provide detailed information about the reserves backing USD1, further enhancing its transparency. Since its launch in March this year, the market capitalization of USD1 has rapidly grown to $2.2 billion, supported by dollar deposits, cash equivalents, and U.S. Treasury bonds. Folkman stated that WLFI will begin releasing monthly reserve reports to continuously disclose its reserve status to the market.
The success of USD1 is not only reflected in its market capitalization growth but also in its increasingly growing institutional user base. In March this year, UAE company MGX invested $2 billion in Binance at a price of $1 per USD1, demonstrating institutional confidence in USD1. Additionally, a $4 million USD1 airdrop in early June covered over 85,000 wallets, effectively raising awareness and user confidence in the stablecoin's infrastructure. Thanks to the introduction of new tools, growing demand, and an expanding user base, WLFI is committed to making USD1 a significant player in the stablecoin market.
To further lower the barriers to cryptocurrency use, World Liberty Financial is also preparing to launch a brand new mobile application aimed at making it easier for everyday investors to use cryptocurrencies. Folkman emphasized that the app will undergo very transparent audits from a financial perspective, ensuring convenience and security for users.
More notably, according to Bloomberg, Folkman stated at the "Permissionless" cryptocurrency industry conference that several publicly listed companies have shown "strong interest" in using WLFI tokens as corporate reserve assets. He specifically mentioned a close relationship with Michael Saylor and stated that WLFI greatly appreciates his idea of holding corporate reserves in cryptocurrency form. This trend indicates that the value and recognition of WLFI tokens are transcending their original governance scope and are expected to enter broader enterprise-level application scenarios.
Although WLFI and USD1 have brought considerable income to the Trump family, they have also faced criticism from lawmakers and critics. The timing of Trump's entry into cryptocurrency, especially after his administration relaxed regulations on the industry, has raised ethical concerns among regulatory bodies. Previously, the Trump family reduced its stake in WLFI from 60% to 40%, reportedly profiting over $130 million, with total revenue around $190 million, further intensifying external scrutiny.
However, despite the criticism, the application of WLFI continues to expand. The WLFI team has made it clear that they have listened to the community's calls and are actively promoting the transferability of the WLFI token, promising to announce significant news soon. This indicates that WLFI is striving to respond to market demands and is committed to building a more vibrant and transparent ecosystem. With the tradability of WLFI tokens, the transparency of USD1 audits, and the launch of new applications, World Liberty Financial is seeking breakthroughs amid controversy, and its future development is worth ongoing attention.
World Liberty Financial stands at a critical crossroads. The transition of the WLFI token from a single governance tool to a tradable asset, the enhancement of USD1 stablecoin transparency and institutional adoption, as well as the launch of new applications and considerations for publicly listed companies to incorporate its tokens into reserve assets, all signal the formation of a more open and active WLFI ecosystem. Despite facing regulatory and ethical challenges, these positive initiatives by WLFI will undoubtedly inject new momentum into its future development in the cryptocurrency field.
Related: Reports indicate that the Trump family company has reduced its stake in World Liberty Financial by 20%.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
