Trump-Backed World Liberty Financial to Launch Debit Card
Trump-Backed World Liberty Financial to Launch Debit Card
World Liberty Financial (WLFI), the crypto venture backed by Donald Trump and members of his family, is preparing to launch a debit card and retail application “very soon,” according to co-founder Zak Folkman.
The announcement came during Folkman’s appearance on a panel at Korea Blockchain Week 2025.
Key Features of the New Debit Card
- Users will be able to use USD1, WLFI’s stablecoin, to make purchases with the debit card. This implies that holdings of this stablecoin could be used to make daily payments.
- The card is expected to work with Apple Pay, enabling users to link it to their Apple devices and make contactless/digital payments.
- Peer-to-peer payments and trading features will be integrated into the WLFI retail app in addition to the physical (or virtual) card. “Venmo meets Robinhood” is the guiding concept.
- WLFI does not intend to create its own proprietary blockchain. Rather, the company envisions the card and app to be usable across many chains or blockchain environments instead of restricted to one
- WLFI has signed a memorandum of understanding with Bithumb, a South Korean exchange, for potential mutual business contracts.This could help with local/regional integrations, liquidity, or user adoption in Asia.
Besides Bithumb, the company has been establishing relationships in the cryptocurrency field. In May, the company partnered with Chainlink to enable the accessibility of USD1 across various blockchains.
As Folkman stated, “This isn’t a sprint, it’s a marathon” in regard to the company’s deliberate strategy in cultivating relationships and building long lasting products.
More News: Scaramucci-Backed Crypto Treasury Company Launches With $550 Million Fundraising Plan
WLFI Price Drop Amid Debit Card Debut
WLFI has sunk nearly 37% since it became tradable on 1 September 2025. In the last 24 hours, it fell by roughly 10.28%, and it was trading for about $0.21.
The price drop was large and rapid, particularly for a recently launched token. The timing seems to link with what is assumed to be the converse reaction of the market to the announcement of a debit card and app which is expected to be priced in, trade, and/or a reaction to profit.
What Comes Next?
As of now, World Liberty Financial has yet to announce a definitive launch date for the debit card and retail app, issuing a tentative timeframe of “very soon” instead.
Observers will be keen to see how WLFI tackles regulatory and market confidence challenges alongside whether their offerings truly deliver a bridge between cryptocurrencies and day-to-day economics.
The post Trump-Backed World Liberty Financial to Launch Debit Card appeared first on Ventureburn.