World Liberty Financial, the cryptocurrency project linked to the family of U.S. President Donald Trump, detailed plans at the Token2049 conference in Singapore for a new mobile application and expanded use of its USD1 stablecoin in online payments.

Co-founder and chief operating officer Zak Folkman stated that preparations for the WLFI app are complete and the product is ready for release, though no public launch date has been set. The company’s website continues to list the application as forthcoming. The app is described as a platform allowing users to manage crypto through a wallet or bank account and access available liquidity for spending.

Payment Partnership with Mesh

During a stablecoin panel on Wednesday, Folkman and chief executive Zach Witkoff appeared alongside Mesh co-founder and chief executive Bam Azizi. Mesh announced a partnership that will enable holders of the USD1 stablecoin to spend the token across the provider’s merchant payment network. The integration is scheduled to begin this quarter.

Folkman said the same payment technology would be applied to pay drivers, contractors and creators through an unidentified Web2 firm that serves billions of users. The company has not named the partner.

USD1 is designed to maintain a value of one U.S. dollar. It is currently issued by BitGo, with reserves consisting of cash, U.S. government money market funds and other cash equivalents. At the time of the announcements, the stablecoin’s market capitalization stood at approximately 4.45 billion U.S. dollars.

Path Toward Independent Issuance

World Liberty Financial is pursuing greater control over USD1. In August the U.S. Office of the Comptroller of the Currency granted conditional approval for the project to establish a national trust bank based in Bay Harbor Islands, Florida. The proposed bank would issue dollar-backed stablecoins, maintain reserves and provide digital-asset custody services.

Final approval remains pending satisfaction of all pre-opening requirements. The regulator retains authority to modify, suspend or rescind the preliminary decision.

The conditional approval drew criticism from Senator Elizabeth Warren, who cited potential conflicts of interest related to the Trump family’s connection to the project. Warren and other senators introduced the Ending Presidential Corruption in Banking Act in response. The OCC stated that its staff acted consistently with statutory duties and ethical obligations. At the panel, Witkoff described the approval as achieved “in spite of some of the attacks against us.”

Token Status and Governance Features

The WLFI governance token was trading near 0.054 U.S. dollars on the day of the announcements, roughly 84 percent below its record high of 0.3313 U.S. dollars. Market capitalization stood near 1.73 billion U.S. dollars, with approximately 31.78 billion tokens circulating against a maximum supply of 100 billion.

Holders may stake WLFI in a non-custodial governance protocol for potential USD1 rewards. Participation requires locking tokens for at least 180 days and voting directly on proposals; delegated votes do not qualify under the published terms. The token does not confer ownership or economic rights in the company itself.

World Liberty Financial has not confirmed whether use of the forthcoming app will generate fee rebates, revenue shares or other direct economic benefits for token holders beyond existing governance functions.

The project has previously conducted limited USD1 distributions to early participants and allocated WLFI tokens to certain USD1 users through exchange campaigns. Separate product initiatives under development include AgentPay, an SDK for artificial-intelligence agents to make controlled cross-chain payments, and a foreign-exchange and remittance service intended to link with bank accounts and debit cards.