World Liberty Financial has revealed plans to enter the foreign exchange market with a new trading platform. The Trump-associated crypto firm announced the initiative at the Consensus Hong Kong conference, marking its latest expansion beyond stablecoin operations.
Co-founder Zak Folkman disclosed that the company will launch “World Swap,” a forex platform built within the USD1 stablecoin ecosystem. The announcement signals the firm’s ambition to establish a comprehensive financial infrastructure centered on its digital dollar token.
Folkman stated that additional details will emerge at an upcoming Mar-a-Lago event scheduled for later this month. The forex platform represents another step in World Liberty’s strategy to position itself as a full-stack financial services provider in the cryptocurrency space.
Targeting Traditional Remittance Markets
World Liberty Financial aims to disrupt conventional money transfer services through its forex offering. Folkman presented the platform as a direct challenge to traditional remittance operators that charge between 2% and 10% per transaction.
The company plans to simplify cross-border transactions by removing the complexity typically associated with crypto wallets. Users will be able to send and receive digital dollars through an interface similar to mainstream payment applications.
The USD1 stablecoin serves as the foundation for this strategy. The token has achieved a market capitalization of over $5 billion in its first year of operation. It currently ranks among the top 25 cryptocurrencies by market value.
Folkman emphasized that USD1’s growth has been critical to the firm’s market expansion plans. The stablecoin’s adoption provides the liquidity and user base needed to launch additional financial products.
Expanding Financial Ecosystem
World Liberty Financial has introduced several products since its launch. Folkman highlighted World Liberty Markets during the Hong Kong conference, describing it as a lending platform that has attracted hundreds of millions in deposits within weeks of going live.
The firm has secured partnerships in the decentralized finance sector to increase USD1 usage. These collaborations aim to integrate the stablecoin across various blockchain protocols and applications.
Last month, World Liberty partnered with Spacecoin to develop a token swap system focused on USD1. Spacecoin deployed three satellites into low-Earth orbit as part of its satellite network infrastructure. The space technology will utilize World Liberty’s financial systems for its operations.
The company has announced plans to launch real-world asset products collateralized by USD1. This initiative targets institutional investors seeking exposure to tokenized traditional assets. The RWA offerings will expand the stablecoin’s utility beyond peer-to-peer transactions.
World Liberty Financial also disclosed plans for a branded debit card. The WLFI card will allow investors to use their digital assets for everyday purchases. This product aims to bridge the gap between cryptocurrency holdings and traditional commerce.
Source: https://coinpaper.com/14532/trump-s-world-liberty-financial-launches-forex-platform-with-usd-1-stablecoin-integration
