World Liberty Financial, the crypto project backed by U.S. President Donald Trump, announced Wednesday that it will soon make its native cryptocurrency tradeable.
“You asked to make WLFI transferable — we heard you,” World Liberty wrote in an X post. “The team is working behind the scenes to make it happen. Big news coming soon.”
The WLFI token grants holders voting rights and the ability to propose governance changes within the DeFi and stablecoin-focused crypto project. Holders are currently restricted from transferring the tokens.
The cryptocurrency has a total supply of 100 billion tokens, with 25 billion sold through public sales, raising $550 million. World Liberty also held private sales, according to ICODrops.
At a New York conference on Wednesday, World Liberty Co-founder Zak Folkman said the project is seeing a “lot of interest” from public firms wanting to incorporate the WLFI token into their corporate treasuries, according to a Bloomberg report. At the same conference, Folkman unveiled the launch of World Liberty’s new mobile app.
Meanwhile, World Liberty is also planning to release the first attestation report on its USD1 stablecoin in the coming days, Reuters reported citing Folkman’s interview with Blockworks.
World Liberty rolled out USD1 in March, which is said to be backed entirely by short-term U.S. government treasury, U.S. dollar deposits, and other cash equivalents. The project’s stablecoin push aligns with rapid regulatory developments in the U.S. on stablecoins, as endorsed by Trump.
Earlier this month, World Liberty distributed USD1 tokens to WLFI holders as a way to test its onchain airdrop function and promote the stablecoin.
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