World Liberty Financial (WLFI), a cryptocurrency project linked to former President Donald Trump, is launching a foreign exchange platform called World Swap within its stablecoin ecosystem. Co-founder Zak Folkman revealed the development at Consensus Hong Kong, with further announcements expected at a Mar-a-Lago event this month. This comes as WLFI’s stablecoin, USDI, has grown to become the fifth-largest by market capitalization in just ten months, showing significant transactional activity. Meanwhile, WLFI’s token price shows technical signals of a potential bullish reversal, supported by a major whale purchase.
**World Liberty Financial** will launch a FOREX platform named **World Swap**. Co-founder **Zak Folkman** stated the platform will operate within the project’s **USDI** stablecoin operations.
The announcement bolsters growth for USDI, which has become the fifth-largest stablecoin by market cap. According to CoinMarketCap, it is close to flipping Ethena’s USDe, with only around $1 billion separating their market capitalizations.
USDI has seen a revival in real usage. Its weekly stablecoin transfer volume reached $13.4 billion, with a new weekly peak of 23.6 million transfers.
Additional data shows asset holders hit a new peak of 598,300. This suggests WLFI’s activities are greatly influencing USDI.
On trading charts, the WLFI token appears to be forming a double bottom pattern. This hints at a potential bullish reversal from support around $0.10.
A whale buy order worth $10 million in USDC supported this price level. The purchase resulted in an accumulation of 47.6 million WLFI at an average price of $0.109.
The token’s social dominance also rose to about 0.40%. This indicates participant interest in the upcoming FOREX platform and its USDI operations.
