WLFI "Building new financial infrastructure with USD1... Full-scale push into Korea" [Eastpoint: Seoul 2025]

Zak Folkman (Zak Folkman) World Liberty Financial (WLFI) co-founder and chief operating officer (COO) said on the 22nd at the 'Eastpoint: Seoul 2025' event held at the Grand Hyatt Seoul, "We will build a new financial infrastructure where traditional finance and Web3 meet through WLFI," and "We will actively target the Korean market."

He explained, "The stablecoin USD1 is a digital dollar that institutions and individuals can use with confidence based on regulatory compliance and transparency," and "USD1 is a stablecoin issued 1:1 backed by U.S. Treasury bonds and other assets, and is a legitimate asset that complies with the U.S. 'Genius Act (GENIUS Act)'."

COO Folkman cited 'instant settlement' and 'global accessibility' as USD1's greatest strengths. He said, "SWIFT-based interbank transfers or credit card payments can take days to over a month to settle, but USD1 can be done within 1 second," and emphasized, "A digital dollar infrastructure that operates 24 hours a day, 365 days a year will change next-generation finance and commerce."

WLFI is also preparing consumer-friendly applications. He said, "We will make it so anyone can download USD1-based payment apps from app stores and use them without complicated wallets or technical understanding," and "We will provide an intuitive UI like Venmo·Cash App to blur the boundary between Web2 and Web3." He added, "By expanding merchant payment integration, we will make USD1 naturally used from everyday payments like buying a cup of coffee to global commerce."

He also introduced measures to ensure USD1's stability and transparency. WLFI issues third-party audit reports monthly and plans to provide on-chain real-time proof of collateral assets by linking with Chainlink and others. He said, "As the first stablecoin, we will allow anyone to check reserves in real time," and "Institutional and individual investors will be able to adopt USD1 with confidence."

He also outlined concrete plans for entering the Korean market. He said, "Korea has shown a forward-looking attitude toward stablecoin discussions, and individual investors' participation is high," and "Just as in the U.S. it expanded from retail investors to institutions, in Korea USD1 will become a payment and settlement method for both individuals and institutions."

WLFI has already signed partnerships with major domestic exchanges and is pursuing cooperation with major game companies. He emphasized, "Korea, where gaming and digital culture are well developed, is an optimal place to experiment with stablecoin payments," and "We will showcase models for game reward payouts, creator payments, and integrated online-offline commerce in Korea."