• WLFI will launch a debit card linked to its USD1 stablecoin with Apple Pay support for retail payments.
• Bithumb signed a deal with WLFI to boost DeFi growth and expand its global crypto presence.
• WLFI minted 100 million USD1 tokens on Solana to grow its multi-chain stablecoin strategy.

World Liberty Financial (WLFI), a crypto firm linked to the Trump family, has confirmed the upcoming launch of a debit card and retail app. Co-founder Zak Folkman shared the update at the Impact conference in Seoul. The debit card will integrate with Apple Pay. This allows users to make direct payments using WLFI’s USD1 stablecoin.

The planned retail app will combine peer-to-peer payments with basic trading features. WLFI aims to simplify crypto usage for everyday consumers. The company continues to follow a chain-agnostic strategy. It has no plans to launch its own blockchain. WLFI’s focus remains on developing products that operate across existing networks.

USD1 Stablecoin Sees Rapid Expansion

WLFI recently expanded its stablecoin operations. The company minted 100 million new USD1 tokens on Solana this month. This move supports its strategy of operating across multiple blockchain platforms. USD1 has a market value of $3 billion. It has become one of the fastest-growing stablecoins in the United States.

The company introduced a buyback-and-burn model. This model aims to gradually reduce token supply during market downturns. Over 99% of governance participants approved the proposal. This high support reflects growing confidence in the project.

Strategic Deal with Bithumb Strengthens Asian Presence

WLFI has also signed a strategic agreement with Bithumb. The South Korean exchange is the country’s second-largest crypto trading platform. Both firms signed the memorandum of understanding (MOU) on Monday in Seoul. The deal followed a recent meeting between Eric Trump and Bithumb CEO Lee Jae-won in Hong Kong.

The partnership aims to explore DeFi opportunities and expand WLFI’s global presence. The deal will support joint product development between the firms. Bithumb views the partnership as a step toward boosting international competitiveness. Korea remains a key market, with the local crypto sector valued at over $72 billion this year.

Earlier this year, Bithumb regained 25% of South Korea’s crypto market and started preparing for a $1B IPO amid rising competition and strict regulations.

Broader Crypto Collaboration and Regulatory Focus

WLFI continues to grow its network of partnerships. In May, it partnered with Chainlink to improve multi-chain access for USD1. The company’s goal is to expand stablecoin integration across more platforms.

Meanwhile, Bithumb faces increased regulatory inspection in South Korea. Authorities raised concerns about lending and margin trading services. As a result, Bithumb reduced its leverage limits and scaled back its lending service.

Earlier this month, the exchange experienced a system outage lasting 100 minutes. Affected users were compensated. Despite these challenges, Bithumb remains steadfast on global expansion and continues to explore partnerships in the stablecoin space.