- WLFI signals World Swap launch as USD1 shifts deeper into global Forex and payment flows
- Lending deposits surge as USD1 anchors WLFI’s push toward wider financial service reach
- Scrutiny rises as WLFI growth accelerates and political ties intensify governance debates
Trump-linked WLFI is steering into the foreign-exchange arena, and the timing caught attention across the room at Consensus Hong Kong. According to reports, co-founder Zak Folkman used part of his stage appearance to outline a new platform called ‘World Swap,’ a service meant to sit inside the project’s USD1 stablecoin framework.
The message landed quietly, but its implications were larger: WLFI wants to compete not only in crypto but also directly in the global Forex and remittance corridors, where costs remain stubbornly high. Folkman kept the pitch direct.
Trump-Linked WLFI Co-Founder Teases World Swap Forex Launch (Source: X)
He said the company aims to soften the friction that usually accompanies digital wallets and cross-border transfers, positioning USD1 as the rail that holds the system together. The vision is familiar in parts of the industry, though WLFI is moving at a pace that has already drawn scrutiny.
Expansion Into the Foreign Exchange Market
The outline for World Swap centers on offering currency conversion within the USD1 ecosystem. Folkman described it less as a flashy launch and more as an incremental step toward turning WLFI into a full financial stack.
He pointed out that remittance providers still charge 2% to 10%, depending on where the money is sent, a spread that many users absorb with no options. WLFI sees the gap as an opening. Similarly, hints of the platform surfaced weeks earlier.
Per reports, observers noticed that AMG Software Solutions LLC, the Puerto Rico firm holding WLFI’s intellectual property, had filed trademark applications tied to World Swap. That detail added weight to the Hong Kong remarks and suggested the build-out had been underway well before the public tease. Still, more product news is expected at a Mar-a-Lago event later this month.
Building Around USD1 and Lending Services
WLFI’s momentum has leaned heavily on USD1, the project’s dollar-pegged token presented as being backed by cash and cash-equivalent reserves. Beyond payments, USD1 now anchors the company’s lending arm, World Liberty Markets, launched earlier this year.
The platform, developed with partners such as Dolomite, lets users post USD1 as collateral for loans and yields. Folkman noted that deposits climbed into the hundreds of millions within weeks of launch, giving the stablecoin immediate use cases beyond trading.
At the policy level, WLFI and its affiliate World Liberty Trust have applied for a U.S. national banking license. Securing it would fold parts of the project into traditional regulatory structures and potentially give USD1 broader room to operate inside the existing financial system.
Ecosystem Extensions and Broader Reach
WLFI has also been extending its network outward. A recent alliance with Spacecoin, a decentralized satellite-internet project, aims to explore whether financial services, including USD1 payments and eventually Forex conversions, can run through low-Earth-orbit infrastructure.
The idea targets regions with unreliable connectivity and limited access to banking channels. Moreover, inside the organization, senior figures, including Donald Trump Jr., have been courting stakeholders ahead of upcoming events meant to attract institutional interest.
Governance Disputes and Political Scrutiny
Notably, growth has brought pressure. A governance vote tied to USD1 expansion excluded locked token holders, prompting criticism that the process favored larger wallets. WLFI, however, dismissed concerns, though the episode heightened debate around transparency.
Separate reporting has pointed to foreign interest, including a roughly $500 million stake acquisition linked to investors in the United Arab Emirates. The firm once again rejected claims of political entanglement, but the combination of rapid expansion and Trump-family involvement continues to draw oversight from analysts watching the project’s path into regulated finance.
Trump-Linked WLFI Accused of Secret $500M Investment Sale to Spy Sheikh (Source: X)
As WLFI prepares to unveil World Swap, the project edges deeper into the Forex landscape, intent on blending stablecoin payments, lending activity, and currency conversion under one growing financial umbrella.
