{"investigation":{"slug":"world-liberty-financial-wlfi","entity_name":"World Liberty Financial (WLFI)","trust_score":22,"severity_base":null,"score_modifier":-10,"confidence":0.82,"status":"published","content_type":"investigation","summary":"World Liberty Financial (WLFI) is a DeFi protocol and stablecoin issuer co-founded in 2024 by members of the Trump family and the Witkoff family, along with crypto entrepreneurs Chase Herro and Zachary Folkman. The project has raised approximately $550 million through governance token sales and issued the USD1 stablecoin, which reached roughly $4.6 billion in circulating supply by mid-2026. The project has attracted sustained congressional scrutiny, multiple Senate-requested federal probes, a high-profile lawsuit from one of its largest investors, allegations of token sales to sanctioned entities, and documented conflicts of interest tied to the sitting U.S. president's direct financial stake in the venture.","sections":[{"content":"World Liberty Financial was launched in October 2024 as a combined stablecoin issuer and decentralized lending protocol built on Aave V3. Its two primary products are the WLFI governance token and USD1, a U.S. dollar-pegged stablecoin backed by cash and short-duration U.S. Treasury bills custodied by BitGo Trust Company. USD1 launched on Ethereum and BNB Chain in March 2025 and expanded to Tron, reaching approximately $4.6 billion in circulating supply by June 2026, making it the fourth-largest fiat-backed dollar token. WLFI governance tokens were sold in multiple tranches beginning in 2024, raising approximately $550 million in total by March 2025. Initially non-transferable and restricted to accredited investors under a Regulation D exemption from the SEC, WLFI tokens were made tradeable following a governance vote in July 2025, with liquid trading commencing September 1, 2025. By April 2026, the token had lost approximately 82% of its value from its post-launch peak.","heading":"Project Overview and Structure","sources":[{"url":"https://www.businesswire.com/news/home/20250317855322/en/Trump-Inspired-World-Liberty-Financial-Closes-$550-Million-Across-Token-Sales","name":"Trump-Inspired World Liberty Financial Closes $550 Million Across Token Sales","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/business/2025/07/16/trump-linked-wlfi-token-clears-vote-to-become-tradable","name":"World Liberty Financial Token Clears Vote to Become Tradable - CoinDesk","type":"news_article","credibility":2},{"url":"https://www.coingecko.com/learn/what-is-world-liberty-financial-donald-trump-s-crypto-project","name":"What Is World Liberty Financial (WLFI)? - CoinGecko","type":"news_article","credibility":2}],"severity":"medium"},{"content":"World Liberty Financial was co-founded in 2024 by Zach Witkoff, Alex Witkoff, Zachary Folkman, Chase Herro, and members of the Trump family including Donald Trump (listed as 'Chief Crypto Advocate'), Eric Trump, Donald Trump Jr., and Barron Trump (each listed as 'Web3 Ambassador'). Steve Witkoff, a New York real estate developer who donated $2 million to Trump's campaigns and serves as Special Envoy for Middle East peace, holds a co-founder emeritus title after stepping back from active operations. Folkman and Herro serve as operational director and data and strategy director, respectively. Investigative reporting by DL News described Herro as a self-styled 'dirtbag of the internet' with prior theft convictions and a background in internet advertising and marijuana dealing. Bloomberg reported that Folkman previously operated a company called Date Hotter Girls and ran what critics described as 'get rich quick' marketing operations. Together, Herro and Folkman reportedly received approximately $65 million from WLFI token sales. Neither has conventional finance or blockchain engineering credentials. The introduction of Herro and Folkman to the Trump family was facilitated by Steve Witkoff.","heading":"Founders and Key Personnel","sources":[{"url":"https://www.dlnews.com/articles/defi/meet-the-operators-of-donald-trump-world-liberty-financial/","name":"The Trump boys, a campaign donor, and a 'dirtbag of the internet' — meet the operators of World Liberty Financial - DL News","type":"news_article","credibility":2},{"url":"https://fortune.com/crypto/2025/08/21/world-liberty-financial-trump-tower-zak-folkman-chase-herro/","name":"Meet Trump's inner crypto circle: Eric, Don Jr. and a lot of tattoos - Fortune","type":"news_article","credibility":2},{"url":"https://en.wikipedia.org/wiki/Zach_Witkoff","name":"Zach Witkoff - Wikipedia","type":"other","credibility":2}],"severity":"high"},{"content":"WLFI's token distribution structure has drawn sustained criticism for extreme insider concentration. The Trump-family entity DT Marks DEFI LLC holds 22.5 billion WLFI tokens (22.4% of the 100 billion total supply). Reports from multiple sources indicate that approximately 70-75% of total token supply is allocated to the founding team, advisors, and service providers, leaving a minority of tokens for public sale and user rewards. The white paper described a plan to sell 63% of tokens to the public with 17% reserved for user rewards and 20% for the team, but the final allocation as implemented reportedly diverged substantially from these figures. Critically, 75% of net protocol revenue is directed to insider entities, with only 25% remaining under DAO control. A Trump-family entity controls approximately 60% of WL Holdco, the parent company. Reuters estimated in June 2026 that the Trump family had made more than $2.3 billion in profits across four crypto ventures since the start of Trump's second term, with World Liberty Financial accounting for the largest share. The Trump family's stake in WLFI alone was valued at approximately $5 billion based on token holdings.","heading":"Tokenomics and Insider Concentration","sources":[{"url":"https://benzinga.com/markets/cryptocurrency/24/10/41395007/trump-affiliated-entity-will-get-75-of-world-liberty-financials-revenue-and-22-of-wlfi-tok","name":"Trump-affiliated entity will get 75% of World Liberty Financial's revenue - Benzinga","type":"news_article","credibility":2},{"url":"https://www.cbsnews.com/news/trump-wlfi-world-liberty-financial-crypto-wealth/","name":"New crypto token boosts Trump family's wealth by $5 billion - CBS News","type":"news_article","credibility":1},{"url":"https://www.datawallet.com/crypto/world-liberty-financial-and-wlfi-explained","name":"World Liberty Financial and $WLFI Tokenomics Explained - DataWallet","type":"research","credibility":2},{"url":"https://insights.unlocks.app/wlfi-by/","name":"Trump's WLFI Had Already Lost Half Its Value — Token Supply Overhang Analysis","type":"research","credibility":2}],"severity":"high"},{"content":"World Liberty Financial's direct financial ties to a sitting U.S. president have generated significant governmental scrutiny. The Trump family co-founded the project months before the 2024 presidential election, and Donald Trump's financial stake in the venture persisted through his inauguration and presidency. Senator Elizabeth Warren pressed the Office of the Comptroller of the Currency to halt review of WLFI's bank trust charter application until the president divests and eliminates all financial conflicts of interest. Trump Jr. dismissed conflict of interest concerns in an October 2025 CNBC interview. Multiple governance decisions and business partnerships undertaken during the Trump administration created potential policy feedback loops: the UAE received approval to purchase advanced Nvidia AI chips shortly after an Abu Dhabi-linked entity acquired a reported 49% equity stake in WLFI; CZ received a presidential pardon in October 2025 shortly before Abu Dhabi's MGX selected USD1 as the settlement currency for a $2 billion Binance investment. Both WLFI and CZ denied any quid pro quo. At a June 2026 White House event, Trump-linked WLFI funded UFC fighter bonuses using USD1 stablecoin, continuing the pattern of promotional government access. The OECD and various ethics watchdogs have characterized the overall arrangement as without modern precedent for a sitting head of state.","heading":"Presidential Conflicts of Interest","sources":[{"url":"https://www.cnbc.com/2025/10/02/trump-jr-zach-wilkoff-steve-dismisses-world-liberty-financial-conflict-of-interest-concerns-usd1.html","name":"Trump Jr. dismisses World Liberty Financial conflict of interest concerns - CNBC","type":"news_article","credibility":1},{"url":"https://www.banking.senate.gov/newsroom/minority/ahead-of-committee-markup-warren-presses-occ-to-halt-review-of-wlfi-bank-application-until-president-divests-and-eliminates-all-financial-conflicts-of-interest-involving-himself-or-his-family-and-the-company","name":"Warren Presses OCC to Halt Review of WLFI Bank Application - Senate Banking Committee","type":"regulatory","credibility":1},{"url":"https://www.cnbc.com/2026/01/23/pardon-binance-founder-cz-trump.html","name":"Pardoned Binance founder Zhao says his business relationship with the Trumps was 'misconstrued' - CNBC","type":"news_article","credibility":1},{"url":"https://www.coindesk.com/markets/2026/06/15/trump-linked-stablecoin-used-for-bonus-payouts-at-white-house-ufc-contest","name":"Trump stablecoin USD1 goes from $75 million DeFi drama to the White House lawn - CoinDesk","type":"news_article","credibility":2}],"severity":"critical"},{"content":"On January 16, 2025, four days before Trump's second inauguration, Aryam Investment 1 — an Abu Dhabi-based entity reportedly backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE National Security Advisor and brother of the UAE president — allegedly acquired a 49% equity stake in WLFI for a reported $500 million. This transaction was not publicly disclosed at the time. The Wall Street Journal subsequently reported the deal, prompting House Democrat Ro Khanna to launch a formal congressional probe in February 2026 requesting detailed documentation from WLFI co-founder Zach Witkoff. Separately, Abu Dhabi investment firm MGX selected USD1 as the settlement currency for its $2 billion investment in Binance in May 2025, described as the largest stablecoin-settled investment deal in history. Senator Warren characterized these arrangements as raising corruption and national security concerns, noting the timing relative to the UAE's receipt of Nvidia chip export approval. Senator Blumenthal's letter of May 2025 stated that Trump's ties to WLFI created 'unprecedented conflicts of interest and national security risks' and that foreign governments could 'enrich and compromise the President through World Liberty Financial.' WLFI responded that Blumenthal's inquiry contained 'inaccuracies and fundamentally flawed inferences.'","heading":"Foreign Investment and National Security Concerns","sources":[{"url":"https://www.coindesk.com/policy/2026/02/05/house-probe-targets-wlfi-after-report-of-usd500-million-uae-stake","name":"House probe targets World Liberty Financial after report of $500 Million UAE stake - CoinDesk","type":"news_article","credibility":2},{"url":"https://abcnews.com/US/trump-family-crypto-venture-tapped-part-2b-emirati/story?id=121415842","name":"Trump family crypto venture tapped as part of $2B Emirati-backed investment deal - ABC News","type":"news_article","credibility":1},{"url":"https://www.hsgac.senate.gov/wp-content/uploads/2025-05-06-Letter-from-Sen.-Richard-Blumenthal-to-WLFI.pdf","name":"Sen. Blumenthal Letter to WLFI - Senate HSGAC","type":"regulatory","credibility":1},{"url":"https://www.ainvest.com/news/world-liberty-financial-mints-usd1-stablecoin-binance-smart-chain-attracts-2-billion-abu-dhabi-mgx-2507/","name":"World Liberty Financial Mints USD1 Stablecoin, Attracts $2 Billion from Abu Dhabi MGX - ainvest","type":"news_article","credibility":2}],"severity":"critical"},{"content":"In November 2025, Senators Elizabeth Warren and Jack Reed urged the Department of Justice and Treasury Department to investigate WLFI over alleged token sales to wallets linked to sanctioned entities. A report by watchdog group Accountable.US alleged that WLFI governance tokens were purchased by blockchain addresses connected to the Lazarus Group (a North Korean state-sponsored hacking organization), a Russian sanctions-evasion platform, an Iranian crypto exchange, and Tornado Cash. The senators cited evidence that approximately $10,000 in WLFI tokens was sold to traders who had a history of transacting with a wallet sanctioned for Lazarus Group association. WLFI disputed these findings, and independent blockchain researcher Nick Bax subsequently identified that some of the alleged Lazarus-linked activity may have originated from a memecoin contract called Dream Cash, suggesting possible false positives in the watchdog's methodology. The Senate Banking Committee characterized WLFI's formal response as 'seriously inadequate.' No enforcement action had been publicly announced as of June 2026.","heading":"Allegations of Token Sales to Sanctioned Entities","sources":[{"url":"https://www.cnbc.com/2025/11/18/senator-probe-warren-trump-crypto-world-liberty-financial-usd1-wlfi-ties-north-korea-russia-iran.html","name":"Senators push for probe into Trump-linked crypto firm over token sales tied to North Korea and Russia - CNBC","type":"news_article","credibility":1},{"url":"https://www.banking.senate.gov/newsroom/minority/ahead-of-committee-crypto-market-structure-markup-warren-and-reed-call-for-investigation-into-world-liberty-financials-latest-apparent-failure-to-detect-ties-to-sanctioned-criminals","name":"Warren and Reed Call for Investigation Into World Liberty Financial's Ties to Sanctioned Criminals - Senate Banking Committee","type":"regulatory","credibility":1},{"url":"https://www.thestreet.com/crypto/policy/trumps-crypto-firm-sold-tokens-to-north-korea-iran-and-russia-watchdog","name":"Trump's crypto firm sold tokens to North Korea, Iran and Russia: Watchdog - TheStreet","type":"news_article","credibility":2},{"url":"https://www.cryptopolitan.com/trumps-world-liberty-iran-russia-north-korea/","name":"Trump's crypto company World Liberty exposed for having links with Russia, Iran and North Korea - Cryptopolitan","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Crypto billionaire Justin Sun purchased 2 billion WLFI tokens in November 2024 for $30 million, was appointed a project adviser, and received an additional 1 billion tokens. He subsequently purchased a further 1 billion tokens in January 2025 for $15 million, bringing his total investment to $45 million. When WLFI tokens became tradeable on September 1, 2025, Sun alleged he was blocked from selling them. WLFI's smart contract contains an admin-controlled blacklist function allowing the project team to freeze any wallet's ability to transfer, sell, or interact with tokens. WLFI froze Sun's tokens after he allegedly transferred approximately $9 million worth of WLFI to external wallets in a manner WLFI characterized as a violation of his investor agreement. Sun filed a lawsuit in 2025 alleging fraud, breach of contract, and conversion, claiming WLFI's promises that the project would not maintain centralized control over tokens were false and misleading. Sun alleged WLFI faces 'collapse and potential insolvency.' World Liberty Financial countersued Sun in May 2026 in Florida state court for defamation, alleging he conducted unauthorized token transfers, straw purchases on behalf of undisclosed individuals, and short sales of WLFI tokens, and that he launched a 'smear campaign' to depress the token's price. Sun separately accused WLFI of treating investors as a 'personal ATM' following the Dolomite loan in April 2026.","heading":"Justin Sun Lawsuit and Token Freeze Controversy","sources":[{"url":"https://www.cbsnews.com/news/justin-sun-sues-trump-world-liberty-crypto-tokens/","name":"Crypto billionaire Justin Sun sues Trump family's World Liberty Financial - CBS News","type":"news_article","credibility":1},{"url":"https://www.businesswire.com/news/home/20260504735336/en/World-Liberty-Financial-Files-Defamation-Suit-Against-Justin-Sun-in-Florida-State-Court","name":"World Liberty Financial Files Defamation Suit Against Justin Sun - Business Wire","type":"news_article","credibility":2},{"url":"https://www.bankingdive.com/news/world-liberty-crypto-justin-sun-counter-suit-allege-defamation-frozen-assets-token-wlfi/819414/","name":"Trump-backed crypto firm countersues billionaire Sun over 'smear campaign' - Banking Dive","type":"news_article","credibility":2},{"url":"https://thehill.com/business/personal-finance/5842927-justin-sun-sues-trump-crypto/","name":"Billionaire Justin Sun sues Trump's crypto firm - The Hill","type":"news_article","credibility":1}],"severity":"high"},{"content":"Beginning February 8, 2026, World Liberty Financial pledged 5 billion WLFI tokens as collateral on the Dolomite lending protocol to borrow approximately $75 million in stablecoins. Subsequent borrowing tranches occurred on February 20 and March 24, 2026. Approximately $40 million was converted to fiat via Coinbase Prime. The critical conflict of interest: Dolomite co-founder Corey Caplan is a registered adviser to World Liberty Financial. The borrowing operation pushed Dolomite's USD1 stablecoin pool utilization to approximately 93%, effectively trapping ordinary retail depositors who could not withdraw until the insider loan was repaid. The WLFI token's thin secondary market liquidity created cascading systemic risk: forced liquidation of the 5 billion WLFI collateral position could have crashed the token price and generated bad debt absorbed by retail depositors. Justin Sun publicly called the arrangement 'one of the most absurd governance scams I have ever seen' and said WLFI was treating users like a 'personal ATM.' Following the controversy, WLFI proposed unlocking 62 billion additional tokens in April 2026, sparking further criticism about supply overhang and dilution.","heading":"Dolomite $75 Million Insider Loan","sources":[{"url":"https://www.coindesk.com/markets/2026/04/09/trump-s-world-liberty-financial-borrows-usd75-million-against-its-own-token-trapping-depositors-on-dolomite","name":"Trump's World Liberty Financial borrows $75 million against its own token, trapping depositors on Dolomite - CoinDesk","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/markets/2026/04/12/tron-s-justin-sun-slams-trump-backed-wlfi-for-treating-users-as-personal-atm-after-usd75-million-defi-loan","name":"Tron's Justin Sun slams Trump-backed WLFI for treating users as 'personal ATM' - CoinDesk","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/markets/2026/04/15/trump-backed-world-liberty-financial-proposes-unlocking-62-billion-tokens","name":"Trump-backed WLFI moves to unlock 62 billion tokens after $75 million loan controversy - CoinDesk","type":"news_article","credibility":2}],"severity":"critical"},{"content":"In November 2025, World Liberty Financial disclosed that approximately 166.667 million WLFI tokens — worth roughly $22.1 million — had been compromised through a pre-launch phishing attack. WLFI attributed the breach to a third-party security lapse rather than flaws in its own smart contract code. The project froze 272 addresses in September 2025 following discovery of the breach, and in November executed an emergency admin function to burn the compromised tokens and reissue equivalent amounts to users who completed re-verification through KYC. The admin-controlled blacklist and emergency burn functions embedded in the WLFI token contract — which enabled WLFI to unilaterally freeze, burn, and reissue tokens — became a focal point of broader decentralization concerns. Critics argued these features were inconsistent with the project's DeFi branding. WLFI characterized them as necessary security safeguards.","heading":"Security Breach and Token Reallocation","sources":[{"url":"https://crypto.news/world-liberty-financial-wlfi-wallet-breach-2025/","name":"World Liberty Financial reallocates $22.1M WLFI after attack - crypto.news","type":"news_article","credibility":2},{"url":"https://coingape.com/trumps-world-liberty-begins-token-reallocation-after-22-1m-security-breach-burn/","name":"Trump's World Liberty Begins Token Reallocation After $22.1M Security Breach Burn - CoinGape","type":"news_article","credibility":2},{"url":"https://www.thecoinrepublic.com/2025/11/20/users-clash-over-world-liberty-financial-decision-to-freeze-funds/","name":"Users Clash Over World Liberty Financial Decision to Freeze Funds - The Coin Republic","type":"news_article","credibility":3}],"severity":"high"},{"content":"WLFI initially structured its token sale under a Regulation D exemption (accredited investors only), asserting the token was not a security given its non-transferable, governance-only design. Legal scholars at the Oxford Business Law Blog argued the subsequent transition to tradeable status could trigger a securities reclassification under the Howey test. World Liberty Trust Company filed a de novo application with the Office of the Comptroller of the Currency for a national trust charter in early January 2026, which would permit institutional custody operations supporting USD1. Senator Warren pressed the OCC to halt review pending the president's divestiture from WLFI; the OCC declined to pause its review. The National Community Reinvestment Coalition formally urged the OCC to reject the application. Anonymous former OCC staffers told press that approval was 'nearly guaranteed.' WLFI also rebuffed a May 2025 inquiry from Senator Warren and Senator Merkley regarding USD1 stablecoin design and communications. No SEC enforcement action against WLFI has been publicly announced as of June 2026.","heading":"Regulatory Scrutiny and OCC Bank Charter","sources":[{"url":"https://www.americanbanker.com/news/occ-wont-delay-world-liberty-financial-charter-review","name":"OCC won't delay World Liberty Financial charter review - American Banker","type":"regulatory","credibility":1},{"url":"https://www.banking.senate.gov/newsroom/minority/warren-statement-on-occs-proceeding-with-review-of-bank-charter-application-submitted-by-trumps-crypto-company-world-liberty-financial","name":"Warren Statement on OCC Proceeding with Review of WLFI Bank Charter - Senate Banking Committee","type":"regulatory","credibility":1},{"url":"https://ncrc.org/ncrc-urges-occ-to-reject-world-liberty-holdings-bank-charter-application/","name":"NCRC Urges OCC To Reject World Liberty Holdings' Bank Charter Application","type":"other","credibility":2},{"url":"https://cryptobriefing.com/world-liberty-financial-seeks-us-banking-license-for-stablecoin-operations/","name":"World Liberty Financial files OCC trust charter to launch USD1 stablecoin bank - CryptoBriefing","type":"news_article","credibility":2}],"severity":"high"},{"content":"The WLFI governance token was marketed as enabling decentralized community control over the protocol. In practice, multiple observers documented that governance votes were dominated by affiliated wallets, with locked-up token holders unable to participate in key decisions. A governance proposal to increase the value of USD1 reserves was criticized for this dynamic. WLFI's smart contract contains admin-controlled freeze and blacklist functions that allow the project team to unilaterally prevent any wallet from transferring or selling tokens — a feature inconsistent with conventional DeFi decentralization standards. A governance proposal in April 2026 to unlock 62 billion additional WLFI tokens — representing a substantial increase in circulating supply following a period of significant price decline — was criticized as a supply overhang designed to benefit insiders. Governance research from multiple sources has noted that the founding team and affiliated wallets collectively hold sufficient token supply to control any governance outcome regardless of retail participation.","heading":"Governance Concerns and Centralization","sources":[{"url":"https://www.dlnews.com/articles/defi/world-liberty-financial-proposal-splits-opinions-as-wlfi-tokens-remain-locked/","name":"World Liberty Financial spending proposal splits opinions as 80% of tokens remain locked - DL News","type":"news_article","credibility":2},{"url":"https://www.ainvest.com/news/assessing-governance-risks-token-manipulation-crypto-projects-case-world-liberty-financial-wlfi-2509/","name":"Assessing Governance Risks and Token Manipulation in Crypto Projects: The Case of WLFI - ainvest","type":"research","credibility":2},{"url":"https://www.coindesk.com/markets/2026/04/15/trump-backed-world-liberty-financial-proposes-unlocking-62-billion-tokens","name":"Trump-backed WLFI moves to unlock 62 billion tokens after $75 million loan controversy - CoinDesk","type":"news_article","credibility":2}],"severity":"high"}],"timeline":[{"date":"2024-09-17","event":"World Liberty Financial announces plan for WLFI token, asserting it is likely exempt from SEC regulations under Regulation D.","source":"FXStreet","source_url":"https://www.fxstreet.com/amp/cryptocurrencies/news/donald-trumps-world-liberty-financial-confirms-plan-for-wlfi-token-likely-exempt-from-sec-regulations-202409171311"},{"date":"2024-10","event":"World Liberty Financial officially launches. Donald Trump named 'Chief Crypto Advocate'; Eric Trump, Don Jr., and Barron Trump named 'Web3 Ambassadors.'","source":"CoinGecko","source_url":"https://www.coingecko.com/learn/what-is-world-liberty-financial-donald-trump-s-crypto-project","date_original":"2024-10-01"},{"date":"2024-11","event":"Justin Sun purchases 2 billion WLFI tokens for $30 million and is named a project adviser, receiving an additional 1 billion tokens.","source":"CBS News","source_url":"https://www.cbsnews.com/news/justin-sun-sues-trump-world-liberty-crypto-tokens/","date_original":"2024-11-01"},{"date":"2025-01-15","event":"Justin Sun purchases a further 1 billion WLFI tokens for $15 million, bringing total investment to $45 million.","source":"CBS News","source_url":"https://www.cbsnews.com/news/justin-sun-sues-trump-world-liberty-crypto-tokens/"},{"date":"2025-01-16","event":"Four days before Trump's second inauguration, Abu Dhabi-linked entity Aryam Investment 1 allegedly signs an agreement acquiring a 49% equity stake in WLFI for a reported $500 million.","source":"CoinDesk","source_url":"https://www.coindesk.com/policy/2026/02/05/house-probe-targets-wlfi-after-report-of-usd500-million-uae-stake"},{"date":"2025-03","event":"USD1 stablecoin launches on Ethereum and BNB Chain, backed by short-duration U.S. Treasuries custodied by BitGo.","source":"Eco Support","source_url":"https://eco.com/support/en/articles/11753300-usd1-stablecoin-by-world-liberty-financial","date_original":"2025-03-01"},{"date":"2025-03-17","event":"World Liberty Financial announces it has raised $550 million total across multiple WLFI token sales.","source":"Business Wire","source_url":"https://www.businesswire.com/news/home/20250317855322/en/Trump-Inspired-World-Liberty-Financial-Closes-$550-Million-Across-Token-Sales"},{"date":"2025-05","event":"Abu Dhabi investment firm MGX selects USD1 as settlement currency for its $2 billion investment in Binance, described as the largest stablecoin-settled deal in history.","source":"ainvest","source_url":"https://www.ainvest.com/news/world-liberty-financial-mints-usd1-stablecoin-binance-smart-chain-attracts-2-billion-abu-dhabi-mgx-2507/","date_original":"2025-05-01"},{"date":"2025-05-06","event":"Senator Blumenthal sends formal letter to WLFI alleging unprecedented conflicts of interest and national security risks from Trump's financial stake in the project.","source":"Senate HSGAC","source_url":"https://www.hsgac.senate.gov/wp-content/uploads/2025-05-06-Letter-from-Sen.-Richard-Blumenthal-to-WLFI.pdf"},{"date":"2025-07-16","event":"WLFI governance vote passes to make the token tradeable effective September 1, 2025.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2025/07/16/trump-linked-wlfi-token-clears-vote-to-become-tradable"},{"date":"2025-09","event":"WLFI token launches as a tradeable asset. WLFI freezes Justin Sun's tokens after he transfers $9 million to external wallets.","source":"CryptoNews","source_url":"https://cryptonews.com/news/justin-sun-sues-world-liberty-financial-wlfi-freeze/","date_original":"2025-09-01"},{"date":"2025-10-23","event":"President Trump pardons Binance founder Changpeng Zhao. WLFI token volume spikes 200% in 24 hours. 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