# World Liberty Financial Watch Log News and developments about [[World Liberty Financial]], newest first: sales and unlocks of its WLFI token, the supply and reserves of its USD1 stablecoin, its trust-bank charter, governance votes, partnerships and lawsuits. Each entry says what happened, why it matters and where the report came from. For the full picture, start with the [[World Liberty Financial Dossier]]; what the Trump family, the Witkoffs and government officials have done about the company is in the [[World Liberty Financial News Log]]. ## Log ### 2026-10-22 — A Circle shareholder sues World Liberty, its holding companies, Trump and Witkoff in federal court, alleging WLF diverted foreign business from Circle - J. Benjamin Greenberg, a Circle shareholder and former Circle engineer, filed a derivative suit on Circle's behalf in the U.S. District Court for D.C. on Oct 22. The defendants are World Liberty Financial, WLF Holdco, Stablecoin Holdco, DT Marks DEFI LLC, Donald Trump and [[Steve Witkoff]]. The claims: the $500M sale of a 49% stake to the UAE-backed vehicle and [[MGX]]'s use of USD1 to settle its $2B [[Binance]] investment steered foreign-linked business away from Circle's USDC, and WLF and its holding companies intentionally interfered with Circle's business. [[Circle]] says it "did not initiate, direct, authorize, or participate in the filing." - Why it matters: [[World Liberty Financial]], [[World Liberty Financial Regulatory File]]. This is the first suit to attack the USD1 business model itself, not a token holder's grievance. A derivative plaintiff without the company's support usually faces an early standing fight. The case number was not available. The emoluments claims against Trump and Witkoff are covered in the [[World Liberty Financial News Log]]. - Source: [Bitcoin Foundation News, 2026-10-23](https://bitcoinfoundation.org/news/regulation/donald-trump-faces-suit-over-2b-usd1-deal-but-circle-disclaims-involvement/); complaint as posted by CNBC, 2026-10-22 ### 2026-10-20 — About $401M of USD1 is redeemed in two weeks; supply falls to roughly $4.02B and the peg holds - USD1's market value fell from about $4.43B to about $4.02B between roughly Oct 6 and Oct 19, as holders redeemed coins mostly on Ethereum and BNB Chain. One unidentified wallet accounted for about $200M. USD1 stayed near $1. WLFI fell about 5.7% on Oct 20, which the report does not tie to the redemptions. - Why it matters: [[World Liberty Financial USD1 Ledger]]. This is the largest two-week drop in supply the ledger has recorded since early 2026, and it lands while WLF prepares to move issuance from BitGo to its own trust bank. These are market-data figures, not attested ones. The September attestation will show whether the drop holds at month end. Who redeemed is not known; wallet ownership is an inference unless WLF confirms it. - Source: [Pluang, citing Coinpaper, 2026-10-20](https://pluang.com/en/news-feed/harga-wlfi-turun-6-persen-stablecoin-usd1-terkait-trump-alami-penarikan-401-juta) ### 2026-10-07 — Folkman says the WLFI consumer app is "ready," with no launch date - At Token2049 in Singapore, [[Zak Folkman]] said the consumer app is ready but gave no date. ⚠️ A Mesh partnership for USD1 merchant payments was reported the same day by a single source. - Why it matters: the roadmap gap. Product promises have repeatedly run ahead of delivery. - Source: [Bloomingbit (Oct 7, 2026)](https://en.bloomingbit.io/feed/news/121749) ### 2026-10-01 — Governance incentive program goes live, paying USD1 to holders who lock WLFI and vote - $1.25M USD1 pool over 180 days; 180-day lock; must vote at least every 90 days. The proposal was posted Sep 14 and voting opened Sep 21. - Why it matters: [[World Liberty Financial Token Ledger]]. WLF pays for turnout and lock-ups with its own stablecoin. The analysis is in the [[World Liberty Financial News Log]] entry of the same date. - Source: [Crypto Briefing](https://cryptobriefing.com/world-liberty-financial-wlfi-staking-usd1-rewards/) ### 2026-09-24 — USD1 attestation: 4.195B in circulation on Aug 31 - KPMG's August report shows 4,195,303,689 USD1 against $4.196B of reserves, up from 3.997B on Jul 31. - Source: [KPMG/BitGo August 2026 attestation](https://landing.bitgo.com/rs/552-OGK-141/images/USD1_Reserve_Attestation_Report_August_2026.pdf?version=0) ### 2026-09-14 — Reporting confirms the founders' vesting deposit (made May 19); first unlock May 2028 - Six founder wallets moved 30B WLFI into the vesting contract on May 19. The largest moved 15.75B and holds 14.175B after a 10% burn, which matches Trump's disclosed allocation. WLF confirmed the co-founders' transfers. Wallet ownership is an inference. - Why it matters: the founders' first unlock comes after the president's term ends. - Source: [COINOTAG, citing CoinDesk (Sep 14, 2026)](https://en.coinotag.com/trump-linked-wlfi-stake-vesting-2028-unlock) ### 2026-08-27 — WSJ: StringZ (Tahnoon) owns 49% of the bank's holding company - Source: [Cointelegraph, citing the WSJ (Aug 28, 2026)](https://cointelegraph.com/news/abu-dhabi-royal-trump-world-liberty-crypto-bank-wsj) ### 2026-08-20 — Sun lawsuit stays in open court - Judge Donato (N.D. Cal.) kept [[Justin Sun]]'s individual claims out of arbitration after a hearing. - Source: [Crowdfund Insider](https://www.crowdfundinsider.com/?p=299647) ### 2026-08-14 — OCC grants conditional approval to World Liberty Trust Company, N.A. - $20M Tier 1; no deposits; may not touch WLF's own tokens; passivity commitments from Eric Trump, StringZ's manager and Folkman. 221-day review. - Why it matters: [[World Liberty Trust OCC Bank Charter Approval]], [[OCC Charter Wave]] - Source: [American Banker](https://www.americanbanker.com/news/trump-linked-crypto-firm-gets-occ-nod-for-trust-bank-charter); [Banking Dive](https://www.bankingdive.com/news/world-liberty-gets-occ-conditional-charter-approval-trump/828035/) ### 2026-06-30 — Trump's 2025 OGE disclosure: $526.8M WLFI token income, $262.5M equity-sale proceeds, 38.25% stakes - Source: [The Block](https://www.theblock.co/post/406782/president-trump-financial-disclosures-hundreds-millions-crypto-related-income); [CAP memo](https://www.americanprogress.org/wp-content/uploads/sites/2/2026/07/2026-07-16-Memo-on-Understanding-Trumps-Crypto-Wealth-Updated-Google-Docs.pdf) ### 2026-05-01 / 05-12 — Bloomberg: 5.9B WLFI sold privately; $660M to the Trump family - Source: [Bloomberg Law (May 1)](https://news.bgov.com/crypto/trump-family-crypto-project-quietly-sold-as-holders-got-stuck); [Bloomberg (May 12)](https://www.bloomberg.com/news/articles/2026-05-12/quiet-token-sales-boosted-trump-crypto-wealth-by-660-million) ### 2026-05-06 — Unlock and vesting overhaul passes with 99.9% support - Source: [ChainCatcher](https://www.chaincatcher.com/en/article/2263035); [CoinDesk (Apr 15)](https://www.coindesk.com/markets/2026/04/15/trump-backed-world-liberty-financial-proposes-unlocking-62-billion-tokens) ### 2026-04-21 — Justin Sun sues WLF - Source: [Reuters via MarketScreener](https://www.marketscreener.com/news/investor-justin-sun-sues-trump-backed-world-liberty-financial-over-token-rights-ce7f59dbd081ff27) ### 2026-04-09 — WLF borrows $75M against 5B of its own WLFI on Dolomite; token hits record lows - Source: [Fortune (Apr 10, 2026)](https://fortune.com/2026/04/10/trump-world-liberty-financial-crypto-tokens-insider-loans/) ### 2026-03-13 — Governance staking passes (180-day lock to vote) - Source: [Cointelegraph](https://cointelegraph.com/news/wlfi-governance-vote-passes-stake-lock-up-incentives) ### 2026-02-01 — WSJ reveals Aryam's 49% stake, signed Jan 16, 2025 - Source: [The Block, citing the WSJ](https://www.theblock.co/post/387931/uae-sheikh-secretly-acquired-49-of-trumps-world-liberty-financial-days-before-inauguration-wsj) ### 2026-01-14 — Pakistan MOU on USD1 cross-border payments - Source: [Reuters](https://www.reuters.com/business/finance/pakistan-partner-with-world-liberty-financial-dollar-linked-stablecoin-source-2026-01-14/) ### 2026-01-12 — World Liberty Markets lending app launches (built on Dolomite) - Source: [WLF (BusinessWire)](https://www.businesswire.com/news/home/20260112514280/en) ### 2026-01-05 — Trust-charter application filed with the OCC - Source: [OCC public file](https://www.occ.gov/topics/charters-and-licensing/public-comment/world-liberty-trust-company-n-a.pdf) ### 2025-12-12 — BitGo, USD1's issuer, wins OCC approval to become a national trust bank - Source: [BitGo (BusinessWire)](https://www.businesswire.com/news/home/20251212709212/en/BitGo-Secures-OCC-Approval-to-Convert-to-Federally-Chartered-National-Trust-Bank) ### 2025-09-01 / 09-04 — WLFI becomes tradeable; Justin Sun's wallet blacklisted - Source: [The Block](https://www.theblock.co/news/ecosystems/2025-09-05-justin-sun-wlfi-369601) ### 2025-08-11 — ALT5 Sigma $1.5B WLFI treasury deal - Source: [SEC 8-K Ex. 99.1](https://www.sec.gov/Archives/edgar/data/862861/000164117225022905/ex99-1.htm) ### 2025-06-26 — Aqua1 buys $100M of WLFI - Source: [Enterprise AM, citing Reuters and Bloomberg](https://enterpriseam.com/uae/2025/06/30/uae-based-crypto-fund-aqua1-bought-usd-100-mn-worth-of-wlfi-tokens/) ### 2025-06-19 — DT Marks' equity reported cut to 40% - Source: [The Block](https://www.theblock.co/post/358892/trump-linked-firm-quietly-reduces-20-of-its-equity-interests-in-world-liberty-financial) ### 2025-05-01 — MGX's $2B Binance investment to settle in USD1 - Source: [Reuters](https://www.reuters.com/world/middle-east/wlfs-zach-witkoff-usd1-selected-official-stablecoin-mgx-investment-binance-2025-05-01/) ### 2025-04-26 — Letter of intent with the Pakistan Crypto Council - Source: [Cointelegraph](https://cointelegraph.com/news/trump-world-liberty-financial-partners-with-pakistan-crypto-council) ### 2025-04-16 — DWF Labs buys $25M of WLFI - Source: [CoinDesk via Yahoo](https://finance.yahoo.com/news/trump-family-backed-world-liberty-123450646.html) ### 2025-03-25 — USD1 announced, BitGo as custodian - Source: [WSJ](https://www.wsj.com/finance/currencies/trump-backed-world-liberty-financial-unveils-plans-for-new-stablecoin-86b596b4) ### 2025-03-17 — Public token sales close at $550M - Source: [WLF (BusinessWire)](https://www.businesswire.com/news/home/20250317855322/en/Trump-Inspired-World-Liberty-Financial-Closes-%24550-Million-Across-Token-Sales) ### 2025-01-16 — Aryam Investment 1 signs for 49% at $500M (undisclosed for a year) - Source: [The Block, citing the WSJ](https://www.theblock.co/post/387931/uae-sheikh-secretly-acquired-49-of-trumps-world-liberty-financial-days-before-inauguration-wsj) ### 2024-10 — Public sale opens; Gold Paper gives DT Marks DEFI 75% of net revenue - Source: [Benzinga (Oct 2024)](https://benzinga.com/markets/cryptocurrency/24/10/41395007/trump-affiliated-entity-will-get-75-of-world-liberty-financials-revenue-and-22-of-wlfi-tok) ### 2024-09-16 — WLF launches ## See also - [[World Liberty Financial]] — the main company page - [[World Liberty Financial Dossier]] — the full dossier