Key Takeaways:
World Liberty Financial (WLFI) a crypto-fintech start-up funded by the Trump family has affirmed high profile product entries into the consumer payments market. The company will introduce an iPhone Pay-friendly debit card and a retail application, and the USD1 stablecoin will be at the heart of daily digital money. Such announcements are accompanied by a major collaboration with a South Korean exchange Bithumb, indicating that WLFI has international ambitions.
During the Impact Conference held in Seoul, a co-founder of WLFI, Zak Folkman announced that the company would soon release a debit card that is pegged to USD1 and connected to Apple Pay. The card will enable the users to use USD1 with merchants such as fiat, which is a major step in the adoption of crypto.
WLFI as well will introduce a retail application, which is referred to as Venmo meets Robinhood. The app will be a simplified user experience to combine peer-to-peer payments and investment tools, which will attract more than crypto-native users. Folkman underlined that WLFI was not planning to build its own blockchain. Rather, it strives to be chain independent and cross platform compatible.
Read More: $27 Billion WLFI Token Goes Live Listed on Top DEXs
WLFI USD1 is quickly emerging as an important participant in the stablecoin market. It is one of the fastest-growing stablecoins in the U.S. valued at more than $3 billion only a few months after its establishment.
Even though it has been volatile on some occasions, WLFI has established a buyback-and-burn model that facilitates stabilization of the price of USD1. The project was voted more than 99% by governance, which indicates that it has the support of the community.
USD1 has already been deployed on Ethereum, Solana and Avalanche. The collaboration with Chainlink also makes WLFI cross-chain operable, which contributes to its objective of an uninterrupted DeFi experience. Folkman said it is not a sprint, but a marathon, and infrastructure has to be built in the long term, not the short term, with hype.
WLFI entered a strategic MOU with Bithumb, which is the second-largest crypto exchange in South Korea. The transaction allows the two firms to co-innovate services, such as USD1 listing and co-financial products.
Bithumb CEO Lee Jae-won termed the partnership as an international competitiveness milestone. The deal was achieved after talks between Eric Trump and the directors of Bithumb at Bitcoin Asia 2025 in Hong Kong.
South Korea is ranked as one of the five best crypto markets in the world with a value of more than $72 billion. WLFI has an opportunity to enter an open retail trading environment with listings in both Bithumb and Upbit.
According to Folkman, South Korea has one of the best crypto ecosystems. Collaborating with Bithumb will speed up our Asia strategy.
The Trump family support could be the best asset of WLFI. Eric Trump is a co-founder and the family has a reported 60% stake. This provides WLFI with disproportionate media and investor presence.
The company has increased over $550 million and earned a sum of over 400 million as the fees. The high-profile support is also supported by such a figure as the founder of Tron Justin Sun, which brings additional credibility.
All the feedback, however, is not positive. Critics cite:
It has been argued that WLFI is more of a fintech start-up than a proper DeFi protocol. The crypto industry has been skeptical of its positioning as DeFi inspired.
Read More: World Liberty Financial Nets Trump Family Crypto Billions
The post Trump-Backed WLFI Unveils $3B Stablecoin Push with Bithumb Deal appeared first on CryptoNinjas.
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