Trump-backed World Liberty Financial (WLFI) has announced plans to launch a new forex trading platform called World Swap, expanding its presence in the global foreign exchange market.
The new platform will be built around its dollar-pegged stablecoin, USD1, as the company continues to grow its digital finance ecosystem.
Speaking at Consensus Hong Kong, WLFI co-founder Zak Folkman confirmed that the company will launch a foreign exchange platform called World Swap. The service is designed to make cross-border money movement simpler and cheaper using stablecoin rails.
World Swap will use WLFI’s dollar-pegged stablecoin, USD1, as its main settlement asset.
By combining traditional forex trading with blockchain infrastructure, the company aims to enable faster and more efficient currency transactions compared to traditional banking systems.
With this move, foreign exchange services become part of WLFI’s growing lineup of crypto-based financial products built around USD1.
The launch of World Swap comes as demand for the USD1 stablecoin continues to rise. Folkman said the goal is to make international transfers simple by removing the technical steps often linked to crypto wallets.
Users should be able to send and receive digital dollars as easily as using a regular payment app.
World Swap is also being promoted as a cheaper option compared to traditional remittance and forex services, where fees can range from 2% to 10% per transaction.
By using blockchain and stablecoins, WLFI aims to lower costs and make transfers faster.
More updates are expected at an upcoming company event scheduled later this month. While specific details have not yet been disclosed, the company has hinted at additional developments within its ecosystem.
As of now, WLFI is trading at around $0.107, reflecting a rise of 7.53% in the last 24 hours, with a market cap hitting $2.86 billon.
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