- World Swap aims to fuse banking access with blockchain rails in the global FX market
- USD1 stablecoin sits at the core, placing World Liberty for cross-border payments growth
- Stablecoin-driven remittances could bypass correspondent banks, cutting costs and delays
World Liberty Financial is expanding its crypto ambitions with a new foreign exchange platform called World Swap. The initiative seeks to combine traditional banking access with blockchain-based payments. Significantly, the project targets the global forex market, which processes trillions of dollars daily.
Company leaders believe digital rails can streamline cross-border transfers while reducing friction for users worldwide. The move also deepens the firm’s push to position its USD1 stablecoin at the center of international money flows.
World Swap Targets Global Forex Market
World Liberty Financial plans to build World Swap around its USD1 stablecoin ecosystem. Co-founder Zak Folkman outlined the strategy during Consensus Hong Kong. Moreover, he explained that the platform will connect users directly to global bank accounts and debit cards.
The company aims to simplify currency exchange and remittance services. Besides lowering costs, World Swap intends to reduce delays tied to correspondent banking networks.
The firm recently launched a lending and borrowing platform that offers onchain yield and liquidity. Consequently, leadership expects stronger adoption of USD1 across its product suite.
The stablecoin has grown quickly in market value. Data from CoinGecko shows USD1 now stands near $5.3 billion in capitalization. Additionally, it ranks among the top five stablecoins globally.
Stablecoin Growth Drives Expansion
World Liberty Financial views stablecoins as a bridge between digital assets and traditional finance. Hence, World Swap could act as a distribution layer for USD1 in emerging and developed markets.
The company argues that blockchain settlement can increase transparency and efficiency in cross-border payments. Moreover, rising demand for faster remittances supports that thesis.
Blockchain-based remittance tools continue to gain traction. Users increasingly seek lower fees and faster settlement times. Consequently, fintech firms and crypto projects compete for a share of global transfer volumes. World Liberty Financial appears ready to enter that competition with an integrated ecosystem.
Related: Flipster FZE Wins VARA Approval for Regulated Crypto Spot Trading
International Partnerships and Regulatory Outreach
The company has also pursued international partnerships. Last month, Pakistan and SC Financial Technologies, an affiliate of World Liberty, signed a memorandum of understanding.
Additionally, the agreement explores how USD1 could fit within Pakistan’s regulated financial system. The collaboration focuses on digital finance expertise and cross-border payment infrastructure.
Related: Russia Greenlights RWA Tokenization as Property and Shares Go On-Chain
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/wlfi-expands-into-forex-with-world-swap-launch/
