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The co-founder of the crypto project associated with the Trump family, World Liberty Financial, Zak Folkman, 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. (CoinDesk)