Trump-Linked WLFI Unveils Forex Platform to Disrupt Remittances

Edgen Crypto

·Feb 12 2026, 07:23

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Key Takeaways

World Liberty Financial (WLFI), a crypto project associated with the Trump family, announced plans to launch a foreign exchange platform called World Swap. The move is part of a broader strategy to build a financial ecosystem around its USD1 stablecoin and directly compete with high-cost traditional remittance services.

WLFI co-founder Zak Folkman revealed the new forex platform, World Swap, at the Consensus Hong Kong conference on February 12.
The platform aims to challenge incumbent remittance providers by targeting transaction fees that often range from 2% to 10%.
The announcement follows the successful launch of its lending platform, which has already attracted hundreds of millions of dollars in deposits for its USD1 stablecoin.

WLFI Targets 10% Remittance Fees with New Forex Platform

World Liberty Financial (WLFI), a crypto project with ties to the Trump family, will launch a foreign exchange platform named World Swap. The plan was unveiled by co-founder Zak Folkman on stage at the Consensus Hong Kong conference on February 12. Folkman positioned the new service as a direct competitor to traditional remittance providers, which can charge fees ranging from 2% to 10% per transaction. The stated goal is to simplify cross-border transfers and reduce costs by leveraging its digital dollar ecosystem.

USD1 Ecosystem Attracts Hundreds of Millions in Deposits

The World Swap platform is the latest addition to WLFI's expanding financial suite built around its USD1 stablecoin, which is reportedly backed by cash and cash equivalents. This expansion follows the recent launch of World Liberty Markets, a lending platform that attracted hundreds of millions of dollars in deposits within weeks of going live. Folkman indicated that more details about the project's roadmap will be shared at an upcoming event at Mar-a-Lago, further highlighting the project's high-profile connections.