World Liberty Financial (WLFI), the crypto company linked to the Trump family, announced the launch of World Swap. The platform is designed for currency exchange and remittances, integrating USD1 to settle payments to bank accounts and debit cards.
The debut of World Swap put WLFI back in the spotlight, boosting the token’s value by approximately 6–7%, a significant move as it marked the first recovery after a 50% drop. Thus, the launch not only acted as a short-term catalyst but also signaled the project’s attempt to reignite speculative interest by leveraging new products.
According to Zak Folkman, co-founder of WLFI, World Swap aims to reduce costs and expedite settlements by routing remittances directly to bank accounts and debit cards, using the USD1 stablecoin as a settlement rail. In his remarks, Folkman argued that traditional intermediaries “heavily burden” global money transfers and presented the platform as a more efficient and competitive alternative.
Furthermore, the announcement was accompanied by metrics that reinforced the narrative of traction. World Liberty Markets reported approximately $320 million in lending activity, with over $200 million disbursed in the first four weeks. In this context, the integration between World Swap and USD1 seeks to create a circuit where the stablecoin functions not only as a payment instrument but also as a central component of its own financial ecosystem.
The launch comes amid the investigation into WLFI
However, the launch is taking place under a considerable political shadow. Reports indicate an investment of approximately $500 million by UAE entities, made days before the second presidential inauguration. Part of those funds, according to the allegations, benefited entities linked to the Trump family to the tune of nearly $187 million, sparking questions about potential conflicts of interest.
Following these revelations, Representative Ro Khanna and the House Select Committee on the PCC initiated formal investigations and requested internal documentation and capitalization tables from WLFI, with a deadline of March 1. President Trump has denied any personal knowledge of the specific agreement, but the timing and structure of the funding remain central points of political and legal analysis.
For the market, this regulatory front introduces an additional risk variable. Beyond the promises of lower fees and faster settlement, World Swap’s commercial viability will depend on the willingness of banks, card networks, and institutional counterparties to integrate with the service.
Ultimately, WLFI’s future will hinge on three simultaneous factors: the actual adoption of World Swap by players in the traditional financial system, the ability to sustain lending volumes that support the utility of USD1, and the progress of the congressional investigations.
