Trump-Backed WLFI Expands Into $9.6T FX Market With ‘World Swap’ Launch

World Liberty Financial (WLFI) is extending its decentralised finance operations into foreign exchange and cross-border payments with the planned launch of World Swap. The Trump-family-linked venture outlined the new service as an FX and remittance platform designed to challenge incumbent providers on price and usability.

The scale of the opportunity is significant. Global FX markets recorded average daily turnover above US$9.6 trillion (AU$13.54 trillion) in April 2025, according to the Bank for International Settlements. Meanwhile, worldwide personal remittances totalled US$892 billion (AU$1.26 trillion) in 2024, based on World Bank figures.

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Lower Fees and Simpler Transfers

Speaking at Consensus Hong Kong, co-founder Zak Folkman presented World Swap as an extension of WLFI’s USD1 stablecoin ecosystem. He framed the product as a way to reduce friction in cross-border transfers and to make sending and receiving digital dollars resemble mainstream payment applications. 

Company statements cited traditional remittance fees ranging from 2% to 10% per transaction, underscoring the cost gap World Swap intends to address. No specific pricing or launch date was disclosed.

The expansion builds on earlier steps, including WLFI’s application for a national trust bank charter in January and the debut of its lending arm, World Liberty Markets, which attracted hundreds of millions of dollars in deposits within weeks. At the same time, Democratic lawmakers have raised concerns over the project’s foreign investment links.
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