World Liberty Financial Responds to Justin Sun Allegations

Summary

Zak Folkman, co-founder of World Liberty Financial, discusses the defamation lawsuit filed against Justin Sun at Consensus 2025. He defends the project's transparency through smart contracts and on-chain records, and highlights the rapid growth of their USD1 stablecoin to a $4.5 billion market cap. Folkman also outlines plans for a consumer app expected in Q2 2025, emphasizing quality and security for non-crypto-native users.

• Zak Folkman addresses the defamation lawsuit against Justin Sun, citing on-chain transparency and Quinn Emanuel's confidence.
• He criticizes mainstream media for politicizing the story due to WLFI's Trump affiliation.
• Folkman explains that all token functionality is publicly visible via smart contracts, countering claims of a backdoor.
• WLFI's borrow-lend market on Dolomite was launched to boost utilization rates and has since grown.
• USD1 stablecoin has reached $4.5 billion market cap, making it the fastest-growing stablecoin and third largest.
• USD1 is GENIUS Act compliant, integrates Chainlink proof-of-reserves, and natively issued on Tempo.
• A consumer app targeting retail users is planned for Q2 2025, with a focus on seamless UX and security.
• Folkman acknowledges ongoing scrutiny and challenges but remains committed to building for mainstream adoption.