Trump-Backed WLFI Launches World Swap Forex Platform with Stablecoin Focus
World Liberty Financial (WLFI), a firm linked to former U.S. President Donald Trump, unveiled plans for a new forex trading platform called World Swap. The platform will leverage blockchain technology and WLFI's dollar-pegged stablecoin, USD1, to streamline cross-border transactions.
Speaking at Consensus Hong Kong, WLFI co-founder Zak Folkman emphasized the platform's goal of reducing fees and settlement times for international transfers. World Swap aims to bridge traditional forex markets with digital asset infrastructure, positioning USD1 as the primary settlement vehicle.
The MOVE expands WLFI's crypto financial ecosystem amid growing institutional interest in stablecoin-based payment solutions. No specific launch date was provided during the announcement.