World Liberty Financial disclosed plans to enter the foreign exchange and remittance market with a platform called World Swap, according to statements delivered at the Consensus conference in Hong Kong. The initiative will operate within the project’s USD1 stablecoin ecosystem and target cross-border payments.
Co-founder Zak Folkman introduced the project during a conference appearance and described it as part of a broader strategy to build a financial stack around the USD1 token. Reuters reported that the company aims to reduce the cost of global money transfers through the platform.
Folkman framed the product as an attempt to simplify currency exchange and digital transfers while positioning the stablecoin as the settlement layer for transactions.
Cross-border payments positioned as core use case
World Swap will connect users to debit cards and bank accounts and support international transfers, based on company statements presented at the conference. The platform will focus on remittances, where fees often range between 2% and 10% per transaction in traditional channels.
Folkman argued that foreign exchange flows represent a massive market opportunity. He cited global currency movement exceeding $7 trillion annually and described existing intermediaries as cost-heavy.
The platform’s design will allow users to send and receive digital dollars in a way that mirrors mainstream payment apps, according to conference remarks. The company said the system will reduce the complexity linked to crypto wallets and cross-border transactions.
Stablecoin ecosystem drives expansion strategy
The initiative centers on USD1, a dollar-pegged stablecoin tied to cash and cash equivalents, according to project statements. The token’s rapid growth shaped the company’s move into new financial services. Its market capitalization has surpassed $5 billion within a year and placed it among the top digital assets by size.
World Liberty Financial has used the stablecoin as a foundation for other products. Folkman highlighted the launch of World Liberty Markets, a lending platform that recorded hundreds of millions of dollars in deposits within weeks of its debut. Reuters reported that the lending product logged $320 million in lending activity and more than $200 million borrowed during its first month.
The company has also pursued partnerships across decentralized finance to increase token usage and liquidity. The strategy aims to anchor multiple services around a single settlement asset.
Additional products expand financial ecosystem
World Liberty Financial introduced other initiatives tied to USD1 and broader financial services. The firm partnered with Spacecoin to build a token swap system that relies on the stablecoin infrastructure. Spacecoin launched three satellites to support its low-Earth-orbit network and described plans to use WLFI’s financial tools in its operations.
The project also disclosed plans for real-world asset products that would use USD1 as collateral. Institutional access forms part of that roadmap. A debit card initiative tied to WLFI remains under development and will allow everyday spending tied to the ecosystem, according to company statements.
Trademarks linked to World Swap appeared in public filings connected to AMG Software Solutions LLC, a Puerto Rico-based entity that holds WLFI intellectual property.
Political scrutiny and ownership questions remain
The company operates within a politically sensitive environment due to links to members of the Trump family and ongoing policy oversight tied to U.S. crypto regulation. Recent reporting has raised questions about ownership structure and foreign investment.
A Wall Street Journal report described a stake acquisition by a United Arab Emirates investor before President Donald Trump’s inauguration. Trump later stated he had no knowledge of a reported $500 million investment tied to the firm. The House of Representatives opened a probe into the transaction.
The White House has denied the existence of conflicts of interest related to the project’s growth and policy oversight.
Forex expansion signals shift toward remittance competition
World Swap reflects a strategic move toward global payment infrastructure. The company framed the service as a direct challenge to established remittance providers that rely on high transaction fees. The platform’s integration with debit cards and bank rails points to a hybrid approach that blends traditional finance and digital assets.
Folkman said more announcements will follow at an event scheduled in Mar-a-Lago later this month. The company has not disclosed a release timeline or regulatory framework for the forex product.
World Liberty Financial has positioned USD1 as the anchor for lending, payments, and foreign exchange. The success of earlier products has encouraged expansion into remittance flows and international currency settlement.
The project continues to build a layered financial system that combines stablecoin infrastructure, lending, token swaps, and planned payment tools. World Swap represents the next stage of that strategy and will test whether stablecoin-based forex services can compete with established money transfer networks.
Kristian Koch
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