Key Highlights
- WLFI plans World Swap to simplify sending digital dollars, aiming to cut high fees from traditional money transfers.
- The USD1 stablecoin grows as WLFI launches DeFi lending, letting users earn interest or borrow crypto with ease.
- WLFI explores a crypto debit card and tokenized commodities, while adjusting $5M in Wrapped Bitcoin positions.
World Liberty Financial (WLFI), a crypto project connected to the Trump family, revealed plans for a new foreign exchange platform called World Swap at Consensus Hong Kong 2026. Co-Founder Zak Folkman said the platform is part of the company’s bigger plan to build a complete financial ecosystem.
He explained that World Swap will make sending digital dollars as simple as using popular payment apps, removing much of the confusion around crypto wallets and international transfers. The new forex service plans to take on traditional money transfer companies, which often charge hefty fees between 2% and 10% per transaction.
On top of World Swap, WLFI is steadily growing its USD1 stablecoin network. Folkman emphasized that each USD1 coin is fully backed by cash or cash-like assets. He also hinted that more updates could come at a Mar-a-Lago event later this month, showing the company is moving quickly to expand its offerings.
Expanding the ecosystem with DeFi and lending
WLFI recently rolled out World Liberty Markets, a decentralized lending platform that attracted hundreds of millions in deposits within just a few weeks. The platform also works with DeFi protocols like Dolomite, giving users more flexible ways to lend or borrow digital assets. People can deposit their crypto to earn interest or take out loans, which also helps make the USD1 stablecoin more useful in everyday transactions.
Moreover, WLFI’s technology supports major cryptocurrencies, including Ethereum and wrapped Bitcoin, while promoting USD1 as the standard for dollar-pegged DeFi transactions. “We’ve engineered something to protect investors who want access to digital capital without that volatility,” said Folkman, reflecting the project’s intention to merge traditional finance with decentralized solutions.
Future products and strategic moves
WLFI isn’t stopping at forex and lending. The company also earlier said it planned to launch a debit card that lets people use crypto for everyday spending. CEO Zach Witkoff said the pilot program could start in late 2026 or early 2027. Apart from that, WLFI is looking into turning real-world commodities like oil, timber, and cotton into digital tokens, bringing physical assets onto the blockchain.
The company also sold about $5 million worth of Wrapped Bitcoin on February 5. Data from Arkham Intelligence shows these transactions went through Aave and CoW Protocol, indicating they were likely planned position adjustments, not routine liquidity moves.
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