World Liberty Financial Plans to Launch a Debit Card for USD1 Stablecoins
According to Folkman, users will be able to link their USD1 stablecoins and the World Liberty Financial app directly to Apple Pay. The debit card is expected to complement the upcoming application. Folkman also stated that World Liberty Financial has no intention of creating its own network:
“This is the exact opposite of our platform’s mission when it comes to stablecoins. Our goal is not to build blockchains, exchanges, or anything like that, but to remain completely independent regarding blockchains, technologies, and platforms.”
The World Liberty Financial crypto-lending platform was launched in September 2024. Later, it introduced its own WLFI token and USD1 stablecoin, which developers claim are designed to bridge traditional finance and the digital asset market.
Since WLFI’s launch on September 1, the token’s price has fallen by 37%. It is currently trading at $0.2069, with a market capitalization of $5.09 billion. Folkman acknowledged that WLFI continues to face market volatility but expects long-term growth as the project’s products expand.
Recently, World Liberty Financial signed a memorandum of understanding with major South Korean crypto exchange Bithumb. While partners did not specify the exact projects they plan to pursue, they stated that their aim is to strengthen international investor confidence in cryptocurrencies.
Meanwhile, Croatian developer Bruno Škvorc, who worked on Polygon, Polkadot, and Ethereum 2.0 networks, accused World Liberty Financial of misappropriating his funds. The platform blocked his tokens, labeling the developer’s address as “high-risk.”
See also: "Bitcoin: Price Holds Around $113K Amid Fed Rate Concerns"
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