Trump-supported encryption company announces: stablecoin audit report about to be released and new App to be launched.

Zak Folkman, co-founder of the cryptocurrency company World Liberty Financial supported by US President Donald Trump, said on Wednesday that the company will release the audit report of its stablecoin in "a few days" and plans to launch a new application (App). Folkman hinted in an interview on Wednesday that World Liberty Financial's governance token WLFI may soon be available for trading. World Liberty Financial was established last year before the US presidential election. The company's official website shows that Trump and his three sons Donald Jr., Eric, and Barron are all co-founders. According to documents released by the US Office of Government Ethics in June, Trump made approximately $57.36 million in profit by holding shares in World Liberty Financial. Trump's involvement in the cryptocurrency industry has sparked fierce criticism from Democratic lawmakers and US government ethics regulators. Critics argue that these investments create conflicts of interest because Trump is reducing enforcement of the cryptocurrency industry and easing related regulations. The Trump Organization stated in January that President Trump's investments, assets, and business interests would be held in trust by a trust fund managed by his children. World Liberty Financial raises funds by selling so-called governance tokens. These tokens give holders the right to vote on changes to the underlying code of the project and to provide feedback on the direction and plans of the project. These tokens are currently not tradable. When asked if the tokens can be traded, Folkman said, "I don't want to reveal too much information, but if you pay attention in the coming weeks, I think everyone... will be very very happy." Folkman stated that World Liberty Financial will also launch an application to make cryptocurrencies more accessible to ordinary investors. He said that the company's stablecoin has just received its first certification report from an accounting firm, which will be released on their website in "the next few days." He stated: "We will conduct a very transparent financial audit."