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World Liberty Financial announces a remittance platform on its USD1 stablecoin
On February 12, 2026, World Liberty Financial announced World Swap, a foreign-exchange and remittance platform meant to link users to bank accounts and debit cards worldwide. The launch, at a Hong Kong crypto conference, followed a $500 million investment from Abu Dhabi.
What happened
On February 12, 2026, at the Consensus conference in Hong Kong, World Liberty co-founder Zak Folkman announced World Swap, a platform for currency exchange and cross-border remittances. World Liberty is the crypto venture founded by the Trump family and the Witkoffs. By early 2026 it issued the USD1 stablecoin, ran a lending platform and had applied for a national trust bank charter.
Folkman said more than $7 trillion moves between currencies each year and that incumbents charge 2% to 10% on remittances. World Swap would connect users to bank accounts and debit cards worldwide and settle for a fraction of that, using USD1 as its base currency. No launch date was given.
The announcement came two weeks after the Wall Street Journal revealed that an Abu Dhabi vehicle backed by UAE security chief Sheikh Tahnoon had secretly bought 49% of World Liberty for $500 million in January 2025. The move takes the president’s family venture from issuing tokens into the business of moving money across borders. No dollar figure attaches to the announcement.
Who benefited
World Liberty Financial and the families behind it, Trump and Witkoff, gain a payments business built on their own stablecoin. World Swap would use USD1 as its base currency. Their Abu Dhabi co-owner holds 49% of whatever the venture earns.
Who wanted something
The record names no counterparty for this launch. The venture’s largest outside shareholder is a vehicle backed by the UAE’s national-security adviser, a stake disclosed two weeks before the announcement after a year in secret.
Who lost out
No public money and no identified loser is in this record. The question it raises is who abroad will move money through a service run by the president’s family and nearly half-owned by a foreign government’s security chief, and the record does not yet have an answer.
Why it matters
The president’s family now plans to operate infrastructure for moving money across borders, settled in a stablecoin whose federal rules the president signed. The record notes that foreign parties seeking U.S. favor could use it; it does not document that any have.