Trump-associated crypto project WLFI enters the foreign exchange track: World Swap is about to launch, bringing a new variable to digital dollar cross-border payments

WLFI2,48%
USD1-0,01%

February 12 News, a cryptocurrency project related to the Trump family, WLFI, announced the launch of a foreign exchange platform called World Swap. The announcement was disclosed by co-founder Zack Folkman at the Consensus conference held in Hong Kong, China, quickly attracting market attention.

The launch of World Swap signifies that WLFI is officially entering the digital foreign exchange and cross-border payment sector. The platform will build multiple application scenarios around its core stablecoin USD1, aiming to create an integrated financial system covering payments, lending, and exchanges. According to Zack Folkman, WLFI plans to hold an event later this month at Mar-a-Lago in the United States, where more product roadmaps and partnership developments will be announced.

Zack Folkman stated that the current complexity of crypto wallet operations and the high costs of cross-border transfers are key factors hindering large-scale user adoption. The goal of World Swap is to enable users to send and receive digital dollars as easily as using mainstream payment apps and to quickly exchange between different fiat currencies, directly challenging the high fees of traditional remittance services, which typically range from 2% to 10%.

From an ecosystem perspective, WLFI centers around the USD1 stablecoin, which is pegged 1:1 to the US dollar and backed by cash and cash equivalents, emphasizing transparency and security. Around this asset, WLFI has launched the World Liberty Markets lending platform, which attracted hundreds of millions of dollars in deposits within weeks of going live. The project has also established partnerships with multiple decentralized finance protocols to expand the practical use cases of the token.

Notably, in late January 2026, the crypto community discovered that AMG Software Solutions LLC, based in Puerto Rico and holding the WLFI intellectual property, had registered multiple trademarks related to World Swap. This move is seen as an important signal that the project is accelerating its layout in digital foreign exchange, stablecoin payments, and cross-border financial markets.

As World Swap approaches launch, WLFI’s influence in stablecoin payments, crypto foreign exchange, and cross-border fund flows is expected to continue expanding.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Kelp DAO's $230M Debt: Analyst Proposes Recovery Token Plan

Aave risks up to $230M from Kelp DAO; Umbrella may not cover it. A recovery plan via a $kRecovery token could repay the debt over time through token buybacks, Arbitrum recovery, and KUSD scaling. Abstract: The article analyzes Aave's potential losses from the Kelp DAO exploit, the adequacy of the Umbrella reserve, and a proposed recovery path with $kRecovery to repay over time via buybacks, Arbitrum recovery, and KUSD scaling.

CryptoFrontier12m ago

Ripple XRP Ledger Is Set to be Quantum-Resistant by 2028, Signaling Highly Bullish Future for XRP Price

Ripple XRP Ledger is set to be quantum-resistant by 2028. This signals a highly bullish future for XRP.  Tron is also working to catch up with this progressive move. Crypto and blockchain continue to chase success and progress with no concern for the current state of markets. For

CryptoNewsLand33m ago

Ripple Plans Quantum-Resistant XRP Ledger by 2028

Ripple announced on Monday a multi-stage roadmap to build quantum-resistant infrastructure for the XRP Ledger (XRPL) by 2028, addressing growing concerns about the security of existing cryptographic systems against future quantum computing threats. Quantum Threat Context While quantum computing t

CryptoFrontier50m ago

DefiLlama Founder: Arbitrum Prioritizing Seized Funds for Aave Market Could Cut Bad Debt by 80%

Gate News message, April 21 — According to DefiLlama founder 0xngmi, if Arbitrum prioritizes using seized funds for the Aave market on Arbitrum, bad debt could be significantly reduced. Under a "loss socialization" scenario, Arbitrum would face no bad debt at all; if rsETH on the L2 faces a

GateNews2h ago

Singapore's MetaComp Launches AI Agent Framework for Financial Compliance and Payments

MetaComp debuts StableX Know Your Agent for regulated AI in payments, combining multi-vendor analytics to slash false clean rates, with AgentX Skills supporting Claude; aims for auditable cross-border finance via downloadable AI Skills. Abstract: MetaComp introduces the StableX Know Your Agent framework to govern AI agents in regulated payments and wealth management, covering identity, permissions, monitoring, auditing, and agent-to-agent interactions. It reduces false positives by parallel analytics from multiple vendors and enables auditable cross-border finance through downloadable AI Skills (AgentX), starting with Claude support and expansion across regions.

GateNews2h ago

Qivalis Consortium of 12 European Banks Advances Euro Stablecoin Launch for H2 2026

Qivalis, a 12-bank European consortium including BBVA and BNP Paribas, is advancing a euro-stablecoin with a planned H2 2026 launch, backed by Fireblocks for issuance and distribution and Dutch central bank oversight under MiCAR. Abstract: The Qivalis euro-stablecoin project, backed by 12 European banks and Fireblocks, targets a H2 2026 launch with Dutch central bank oversight under MiCAR, aiming to expand euro-denominated stablecoin use in institutional markets.

GateNews3h ago
Comment
0/400
No comments