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EP-39 With WLFI CEO & COO: Dismantling Banking Hegemony
This interview with WLFI co-founder Zach Witkoff and WLFI COO, co-founder Zak Folkman examines World Liberty's origins; the growth and applications of the USD1 stablecoin; plans for RWA tokenization; team structure and capital deployment; and the company's approach to regulatory engagement and regional market development. Zak stated that their goal is to serve user groups underserved by traditional finance through an integrated application--remittances, spending, crypto trading, and card payments--built around the USD1 stablecoin.
Zach Witkoff emphasized that there is no equity or formal partnership with Binance, and the demand for USD1 on the BNB Chain is primarily driven by the market itself. He also mentioned facilitating a $2 billion cross-border settlement and noted that ALT5 Sigma plans to acquire $1.5 billion in WLFI tokens to support the ecosystem. The team operates with a lean but efficient configuration of about 30 members. On the policy front, Zach believes the new regulations provide clearer rules for the U.S. industry and will focus on expanding the community and activities in Asia, including in regions like Hong Kong, South Korea, and Singapore. Text summary
Timeline:
00:00 Reason for Entering the Industry and Zach's Personal Background
02:12 The Origins and Early Development of the World Liberty Project
06:14 How World Liberty Helps Users Without Bank Accounts
10:06 Misunderstanding About USD1 Stablecoin's Partnership with Binance
13:43 How the World Liberty Team Advances Their Work
15:55 How ALT5 Sigma Helps the World Liberty Ecosystem
17:31 What Positive Impact Will Trump's Policies Have on the Entire Crypto Industry
20:05 Will World Liberty Hold More Activities or Community Building in Asia
Published on 3 weeks, 2 days ago