WLFI plans to enter global currency markets with a USD1-powered platform aimed at lowering cross-border transfer costs and simplifying usage. The post Trump-BackedWLFI plans to enter global currency markets with a USD1-powered platform aimed at lowering cross-border transfer costs and simplifying usage. The post Trump-Backed
Trump-Backed WLFI Expands Into $9.6T FX Market With ‘World Swap’ Launch
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen crypto.news@mexc.com üzerinden bizimle iletişime geçin.
- WLFI is moving into foreign exchange and remittances with a USD1-based platform targeting lower transfer costs.
- The launch positions the firm within a US$9.6 trillion (AU$13.54 trillion) daily FX market and a US$892 billion (AU$1.26 trillion) remittance sector.
- The rollout follows a trust bank charter bid and lending platform launch, amid scrutiny from US lawmakers.
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.
Related: BlackRock Executive Says 1% Crypto Allocation in Asia Could Unlock Trillions
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.
Related: Malaysia’s Central Bank Launches Stablecoin, Tokenised Deposit Pilots
The post Trump-Backed WLFI Expands Into $9.6T FX Market With ‘World Swap’ Launch appeared first on Crypto News Australia.
Piyasa Fırsatı
WLFI Fiyatı(WLFI)
$0.1037
$0.1037$0.1037
USD
WLFI (WLFI) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen crypto.news@mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.
Ayrıca Şunları da Beğenebilirsiniz
Ethereum’s Fusaka Upgrade Poised to Enhance Scalability
The post Ethereum’s Fusaka Upgrade Poised to Enhance Scalability appeared on BitcoinEthereumNews.com. Key Points: Ethereum’s Fusaka upgrade enhancing blockchain scalability. Expected institutional adoption increase. Dilution risk for unstaked ETH holders grows. VanEck announced on October 4 that Ethereum’s Fusaka upgrade, scheduled for December 3, 2025, will ease data burdens on validators and enhance scalability for Layer-2 solutions. This upgrade aims to attract more institutional investors by reducing Layer-2 costs, potentially increasing ETH holdings and staking activities, while posing dilution risks for unstaked holders. Fusaka to Reduce Costs and Boost Adoption Ethereum’s Fusaka upgrade aims to boost scalability by increasing blob capacity, reducing validator data burdens, and lowering Layer-2 costs. VanEck addressed its potential for attracting institutional adoption. Observers note the risk of dilution for unstaked ETH holders as institutional participants take positions. Scalability improvements and decreased transaction costs are key changes expected from the upgrade. Additionally, heightened appeal to institutional investors suggests increased staking and liquidity within the Ethereum network. This leads to broader implications, including potentially greater network security and improved transaction speeds. “Both the blob capacity hard forks will more than double the current blob capacity.” – Christine D. Kim, Ethereum Researcher, Ethereum Foundation Market reactions have been notable, with observers pointing to past Ethereum upgrades that fueled increased Layer-2 activity and enhanced validator participation. As outlined by industry experts, the potential for network growth through these improvements suggests that Ethereum’s stature as a major blockchain could be further solidified. Ethereum Price Data and Future Implications Did you know? The upcoming Fusaka upgrade reflects a similar approach to Ethereum’s previous Dencun upgrade, which initially introduced blobs, reducing rollup costs and boosting Layer-2 expansion. Historical patterns indicate such upgrades induce spikes in Layer-2 usage. As of October 4, 2025, Ethereum (ETH) was priced at $4,486.13 with a market cap of $541,490,696,840 and a trading volume of $42,766,570,071, according to CoinMarketCap. ETH…
Paylaş
BitcoinEthereumNews2025/10/04 19:06
JPMorgan Chase plans to accept Bitcoin as loan collateral. What's the underlying reason?
After years of tension between cryptocurrencies and traditional finance, a symbolic shift is taking place inside the world’s largest bank. JPMorgan Chase & Co. is reportedly preparing to allow institutional clients to use Bitcoin and Ethereum as collateral for cash loans. This means that the bank's borrowers can pledge the two largest cryptocurrencies by market capitalization, and the relevant assets will be held by approved third-party custodians such as Coinbase. The program is expected to be launched by the end of 2025. The move is ironic given that the financial giant's CEO, Jamie Dimon, is a well-known cryptocurrency critic who has previously described Bitcoin as a "scam." But growing demand in the nascent cryptocurrency industry forced him to back the company's product launches. A new chapter in digital collateral JPMorgan's move could quietly rewrite the boundaries between digital assets and regulated credit markets. According to Galaxy Research data, as of June 30, the total amount of outstanding loans in centralized finance reached US$17.78 billion, a month-on-month increase of 15% and a year-on-year increase of 147%. If decentralized loans are included, the total balance of cryptocurrency-collateralized credit reached US$53.09 billion in the second quarter of 2025, setting the third highest record in history. These data reflect a structural shift: as digital asset prices rise, lending activity increases in tandem. The trend has narrowed credit spreads, making loans more attractive to traders and corporate treasuries. In addition, businesses have also begun to use cryptocurrency-collateralized lending to finance operations, replacing equity issuance with debt secured by digital assets. In this context, JPMorgan Chase’s entry is less an experiment than a decisive move by the institution to “catch up with its peers” in the emerging industry. In response, cryptocurrency researcher Shanaka Anslem Perera estimates that the model could unlock $10 billion to $20 billion in instant lending capacity for hedge funds, corporate treasuries, and large asset managers. These institutions want to access U.S. dollar liquidity without having to sell their cryptocurrency tokens. In practical terms, this means that companies can now raise funds using digital assets, using the same process as borrowing against U.S. Treasuries or blue-chip stocks. The significance of JPMorgan's move While cryptocurrency-collateralized lending is already common among decentralized finance (DeFi) protocols and small centralized finance lenders, JPMorgan’s involvement institutionalizes the model. The bank’s entry signals that digital assets are mature enough to meet the global financial industry’s standards for compliance, custody and risk management. Matt Sheffield, CIO of SharpLink, an Ethereum-focused finance firm, believes the development could reshape how asset managers and funds manage their balance sheets. “Until now, many traditional financial institutions that rely on bank transactions have had to choose between holding Ethereum spot and other positions,” he said. "The world's largest investment bank is working to change that. By borrowing against positions held by third-party custodians, institutions can build more profitable portfolios and increase the value of their collateral." At the same time, this decision also strengthens JPMorgan's overall layout in the cryptocurrency field. Over the past two years, the bank has built Onyx, a blockchain-based settlement network, processed billions of dollars in tokenized payments, and explored digital asset repo transactions. Accepting Bitcoin and Ethereum as loan collateral completes the closed loop of "issuance-settlement-credit", and all three links rely on blockchain infrastructure. Based on this, Sheffield predicts that this move will trigger a "competitive chain reaction" among large banks. He pointed out: “This will set off a wave. For large institutions, the deterrent of ‘being the first to act’ is huge. Once the risks are reduced, other banks will follow suit, and if they don’t act, they will lose their competitiveness.” Currently, competitors such as Citigroup and Goldman Sachs have expanded their digital asset custody and repurchase businesses; BlackRock has incorporated tokenized Treasury bonds (BUIDL) into its fund ecosystem; and Fidelity has doubled the number of employees in its institutional cryptocurrency department this year. Opportunities and challenges coexist Despite growing acceptance of digital assets on Wall Street, challenges remain. Banks involved in this market must deal with the inherent volatility of cryptocurrencies, uncertainty about regulatory capital treatment, and ongoing counterparty risk, all of which have limited their efforts to expand their cryptocurrency-backed lending businesses. US regulators have yet to issue clear capital weighting guidelines for digital collateral, forcing institutions to rely on conservative internal models. Even if custody risk is managed by a third-party custodian, regulatory oversight is expected to remain strict. Nonetheless, the trajectory of the industry is unmistakable, with digital assets becoming increasingly integrated into the fabric of global credit markets. Bitcoin analyst Joe Consoerti said the moves suggest that “the global financial system is slowly reallocating collateral around the highest-quality assets known to mankind.”
Paylaş
PANews2025/10/27 13:00
PBOC Sets Strongest Fix In 34 Months, Signaling Strategic Shift
The post PBOC Sets Strongest Fix In 34 Months, Signaling Strategic Shift appeared on BitcoinEthereumNews.com. Yuan Mid-Point Soars: PBOC Sets Strongest Fix In 34
Paylaş
BitcoinEthereumNews2026/03/05 11:45