Trump-backed World Liberty plans to launch World Swap forex platform

World Liberty Financial, a crypto venture associated with the Trump family, is preparing to launch World Swap, a foreign exchange (forex) platform centered around its USD1 stablecoin ecosystem. Co-founder Zak Folkman announced the plan at Consensus Hong Kong, noting that World Swap aims to connect users directly to global bank accounts and debit cards, thereby lowering fees and complexity compared to conventional remittance services. This move follows the recent launch of World Liberty's lending and borrowing platform, which seeks to increase adoption of the USD1 stablecoin. The USD1 stablecoin has already achieved a market value of $5.3 billion, ranking fifth among stablecoins. Furthermore, World Liberty is exploring integration of USD1 into Pakistan's regulated financial system through a recent Memorandum of Understanding with Pakistan and SC Financial Technologies.

(Source：Crypto Briefing)