February 12 News, a cryptocurrency project related to the Trump family, WLFI, announced the launch of a foreign exchange platform called World Swap. The announcement was disclosed by co-founder Zack Folkman at the Consensus conference held in Hong Kong, China, quickly attracting market attention.
The launch of World Swap signifies that WLFI is officially entering the digital foreign exchange and cross-border payment sector. The platform will build multiple application scenarios around its core stablecoin USD1, aiming to create an integrated financial system covering payments, lending, and exchanges. According to Zack Folkman, WLFI plans to hold an event later this month at Mar-a-Lago in the United States, where more product roadmaps and partnership developments will be announced.
Zack Folkman stated that the current complexity of crypto wallet operations and the high costs of cross-border transfers are key factors hindering large-scale user adoption. The goal of World Swap is to enable users to send and receive digital dollars as easily as using mainstream payment apps and to quickly exchange between different fiat currencies, directly challenging the high fees of traditional remittance services, which typically range from 2% to 10%.
From an ecosystem perspective, WLFI centers around the USD1 stablecoin, which is pegged 1:1 to the US dollar and backed by cash and cash equivalents, emphasizing transparency and security. Around this asset, WLFI has launched the World Liberty Markets lending platform, which attracted hundreds of millions of dollars in deposits within weeks of going live. The project has also established partnerships with multiple decentralized finance protocols to expand the practical use cases of the token.
Notably, in late January 2026, the crypto community discovered that AMG Software Solutions LLC, based in Puerto Rico and holding the WLFI intellectual property, had registered multiple trademarks related to World Swap. This move is seen as an important signal that the project is accelerating its layout in digital foreign exchange, stablecoin payments, and cross-border financial markets.
As World Swap approaches launch, WLFI’s influence in stablecoin payments, crypto foreign exchange, and cross-border fund flows is expected to continue expanding.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hong Kong Launches 24/7 Trading Framework for Tokenized Funds, AUM Reaches $1.37B
Hong Kong's Securities and Futures Commission (SFC) has established a regulatory framework for round-the-clock trading of tokenized products on licensed platforms. With 13 tokenized products and approximately HK$10.7 billion in assets, this initiative aims to integrate traditional finance with Web3 through regulated stablecoins and tokenized deposits, enhancing liquidity.
GateNews1h ago
Japan launches the Canton network verification pilot and tests government bonds as digital collateral
JSCC, under the JPX Japan Exchange Group, partnered with Mizuho, Nomura, and Digital Asset to launch a concept proof-of-concept project based on the Canton network. The project will test the feasibility of Japanese government bonds as digital collateral, with the aim of improving liquidity and management efficiency in financial markets, and ensuring it does not conflict with existing regulations. The initiative also covers cross-border trading scenarios, signaling the application potential of Japanese government bonds in the digital asset space.
ChainNewsAbmedia2h ago
Vitalik Buterin Outlines Ethereum's 5-Year Roadmap Focused on Quantum Security and Scalability
Vitalik Buterin presented Ethereum's five-year roadmap, focusing on quantum security and scalability. Key goals include increasing gas limits, implementing Zero Knowledge Proofs, and enhancing transaction confirmation times by 2028, despite challenges with quantum-resistant signatures.
GateNews2h ago
Nexchain Smart Actions Brings AI to Autonomous Web3
Nexchain introduced Smart Actions, a suite of intelligent modules designed to transform blockchain networks from manual, reactive systems into autonomous and self-optimizing environments, according to an announcement on April 18, 2026. The product reflects the company's commitment to building
CryptoFrontier4h ago
Hong Kong SFC issues two tokenized offering circulars on the same day (26EC22 / 26EC23): Full breakdown of VATP secondary trading and primary subscription and redemption rules
The Hong Kong Securities and Futures Commission will issue two guidance circulars for tokenized products in 2026, covering primary-market subscription and redemption and secondary-market trading requirements, respectively. The circulars will clearly define the responsibilities of product providers, liquidity requirements, and fair pricing mechanisms. The new regulatory framework will affect how the industry operates and will create new business opportunities for compliance lawyers, forming a template for tokenized finance regulation in the Asia-Pacific region.
ChainNewsAbmedia5h ago
World Upgrades World ID to Full-Stack Proof-of-Human Protocol Spanning 160 Countries
World has launched an upgraded World ID protocol for secure digital verification in various sectors. It enhances privacy and supports AI applications while managing user identities across 160 countries, verifying nearly 18 million individuals.
GateNews9h ago