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According to CoinDesk, Zak Folkman, co-founder of the crypto project World Liberty Financial, which is associated with the Trump family, revealed at the Consensus Hong Kong conference that the project plans to launch a foreign exchange platform called World Swap as part of its USD1 stablecoin ecosystem. Folkman stated that World Swap aims to simplify cross-border transfer processes and challenge traditional remittance service providers' high fees of 2% to 10% per transaction, allowing users to send and receive digital dollars in a manner similar to mainstream payment apps. Folkman mentioned that more details will be announced later this month at an event held at Mar-a-Lago. In January this year, AMG Software Solutions, a Puerto Rican company holding the WLFI intellectual property rights, was found to have registered trademarks related to World Swap.