World Liberty Financial’s token WLFI trades at $0.107, up 7.53% over the past 24 hours, bringing its market capitalization to $2.86 billion. The price move follows the company’s announcement that it plans to launch a new foreign exchange and remittance platform called World Swap.
Zak Folkman, co-founder of World Liberty Financial, revealed the initiative during the Consensus Web3 event in Hong Kong. He said the firm aims to simplify cross-border money transfers while reducing fees that traditional providers charge. According to Folkman, more than $7 trillion moves globally across currency corridors, and incumbent players impose significant costs on those transactions.
World Swap Platform Details
World Swap will operate as a forex and remittance platform built around USD1, the company’s dollar-pegged stablecoin. The service intends to connect users directly to debit cards and bank accounts worldwide. By using blockchain settlement rails, the platform seeks to process currency conversions and remittances at a fraction of the fees charged by conventional financial institutions.
Traditional remittance and foreign exchange providers often charge between 2% and 10% per transaction. World Liberty Financial positions its platform as a lower-cost alternative by removing intermediaries and automating settlement through stablecoin infrastructure. The company states that users will send and receive digital dollars with the ease of a standard payment application.
The initiative expands World Liberty’s ecosystem of crypto-based financial services centered on USD1. Four weeks ago, the company launched World Liberty Markets a lending platform designed to increase usage of the stablecoin. Folkman reported that the lending service has already recorded $320 million in lending activity and more than $200 million in borrowing.
Stablecoin Strategy And Market Position
USD1 serves as the settlement asset for both lending and foreign exchange services within the ecosystem. By integrating traditional forex trading with blockchain technology, the firm aims to enable faster and more efficient currency transactions. The model relies on stablecoin liquidity to facilitate seamless conversions across borders.
As demand for digital dollar alternatives grows, stablecoins continue to play a larger role in global payments. Companies increasingly deploy blockchain networks to bypass legacy infrastructure and reduce transaction friction. World Liberty Financial seeks to compete in this expanding segment by combining crypto rails with conventional banking access.
Further announcements are expected at a company event scheduled later this month at Mar-a-Lago. The firm has not disclosed specific details, yet it has signaled additional developments tied to its digital finance ecosystem.
Political And Ethical Scrutiny
World Liberty Financial maintains backing from the family of U.S. President Donald Trump. Reuters reported in October that the firm contributed to a sharp rise in income for the Trump Organization during the first half of last year, including revenue from foreign entities.
Government ethics experts have raised concerns about potential conflicts of interest as Trump oversees U.S. crypto policy while family-linked ventures expand in the sector. The White House has denied that any conflicts exist.
As WLFI advances into forex and remittances, observers will watch how regulators respond to stablecoin-based cross-border services. The company positions World Swap as a lower-cost alternative in a market measured in trillions of dollars. Whether adoption matches ambition remains to be seen, yet the announcement has already influenced market activity surrounding the token.
Source: https://coinpaper.com/14548/trump-linked-wlfi-jumps-7-as-world-liberty-launches-international-forex-platform
