World Liberty Financial to provide real-time on-chain proof of reserves

World Liberty Financial (WLFI) announced on X that it will now provide real-time, on-chain proof of its reserves. The company stated that the stablecoin industry faces transparency issues, with most issuers disclosing reserves quarterly. It noted that while its USD1 stablecoin previously offered monthly attestations, even this method resulted in a one-month delay due to accounting processes. WLFI said it has solved this problem by implementing Chainlink's Proof of Reserve (PoR) mechanism. This system continuously fetches and verifies reserve data from custodian BitGo and records it on-chain.