World Liberty Financial is targeting a share of the trillion-dollar global foreign exchange market, the world’s largest and most liquid financial sector.
The crypto venture associated with the Trump family plans to roll out World Swap, a forex platform built around its USD1 stablecoin ecosystem, co-founder Zak Folkman revealed at Consensus Hong Kong this week.
That comes almost a month after World Liberty launched its lending and borrowing platform, offering users onchain yield and liquidity, something leadership hopes will boost adoption of USD1.
The stablecoin has since gained roughly $1.8 billion in market value, now standing at $5.3 billion and ranking fifth among stablecoins by market cap, per CoinGecko.
Folkman said World Swap will connect users directly to global bank accounts and debit cards, reducing complexity and lowering fees compared to traditional remittance services. The product is also expected to complement the company’s expanding product lineup.
The announcement comes as blockchain-based solutions gain traction in the global remittance market, with users increasingly seeking faster and more accessible options for international money transfers.
Pakistan and SC Financial Technologies, affiliated with World Liberty, signed an MoU last month to examine how WLFI’s USD1 stablecoin could be incorporated into Pakistan’s regulated financial system. The deal aims to develop expertise in digital finance systems and cross-border payments.
Source: https://cryptobriefing.com/world-swap-forex-platform-launch/
