Overview
- World Swap is planned to operate inside WLFI’s USD1 ecosystem, with an interface meant to hide wallet complexity and make transfers feel like common payment apps.
- WLFI says the service will link directly to bank accounts and debit cards worldwide and target fees at a fraction of the 2%–10% typically charged by remittance incumbents.
- Zak Folkman announced the plan on stage in Hong Kong and said more details will be shared at a Mar-a-Lago event later this month.
- Key specifics—including launch timing, corridor coverage, detailed pricing and reserve disclosures for USD1—have not been provided.
- WLFI reports $320 million in lending and over $200 million borrowed via its World Liberty Markets platform, as ethics experts question Trump family ties and the White House denies conflicts.