The cryptocurrency project World Liberty Financial (WLFI), linked to the Trump family, has announced plans to launch the World Swap platform for currency exchange and remittances, offering simplified services with lower fees. This was reported by Reuters.
At the Web3 Consensus event in Hong Kong, company co-founder Zach Folkman stated that the initiative aims to “connect users worldwide with debit cards and bank accounts” to simplify financial transactions.
“Over $7 trillion circulates globally, being converted from one currency to another, all subject to very high fees from existing players,” he noted.
According to Folkman, World Swap will set commission fees “significantly lower” than those of competitors.
The WLFI co-founder added that the World Liberty Markets platform, launched in early 2026 as part of efforts to expand the use of the stablecoin USD1, recorded a lending volume of $320 million and borrowings exceeding $200 million.
Earlier, WSJ reported that an investment fund linked to UAE Sheikh Tahnoon bin Zayed Al Nahyan secretly acquired a 49% stake in WLFI. The situation prompted a negative reaction from the American establishment.
U.S. Representative Ro Khanna has sent an official inquiry to the leadership of World Liberty Financial. Authorities intend to investigate the Trump crypto project’s ties to foreign capital and potential conflicts of interest.
The president himself stated he was unaware of the deal, noting that his sons manage the business.
Back in October 2025, journalists from the Financial Times revealed that the Trump family earned over $1 billion from cryptocurrency projects.
