World Liberty Financial (WLFI) plans to make its USD1 stablecoin usable across a wider range of online businesses, with a payments partnership involving Mesh expected to begin rolling out during the current quarter.
The plan was presented at Token2049 in Singapore, where WLFI CEO Zach Witkoff and co-founder Zak Folkman appeared on a panel focused on stablecoins alongside Mesh co-founder and CEO Bam Azizi. Azizi announced that USD1 holders would be able to spend the stablecoin across Mesh’s merchant network once the integration is deployed.
Folkman said WLFI was also in discussions to bring the same payment technology beyond the World Liberty app to some of the largest Web2 businesses in the marketplace. The comments point to an effort to move USD1 from a crypto-focused product into more widely used digital payment channels. Cointelegraph reported the plans following the panel discussion.
How the USD1 payment plan would work
USD1 is a stablecoin, a type of cryptocurrency designed to track the value of a traditional currency. In this case, it is intended to maintain a value of $1. The token is issued by BitGo and is backed by reserves consisting of cash, US government money market funds and other cash equivalents.
Mesh operates payment infrastructure that connects digital assets with merchants. Under the announced partnership, its network would provide a way for people holding USD1 to use the stablecoin with participating businesses. The rollout is scheduled for this quarter, although the source material does not identify the online companies that could eventually join the network.
CoinGecko put USD1’s market capitalization at $4.45 billion at the time of the original report. Market capitalization measures the total value of tokens in circulation based on their market price.
WLFI seeks control of USD1 issuance
WLFI’s executives also discussed a potential change in how USD1 is issued. In August, the US Office of the Comptroller of the Currency conditionally approved WLFI’s plan to establish a national trust bank intended to issue dollar-backed stablecoins and custody digital assets.
Witkoff said the approval would enable WLFI to assume responsibility for issuing USD1 itself. The token is currently issued through BitGo. A national trust bank charter would therefore give WLFI a more direct role in the stablecoin’s issuance and custody structure, subject to the conditions attached to the approval.
The decision has attracted political criticism. Senator Elizabeth Warren alleged that the Trump family’s connections to WLFI created conflicts of interest, while Warren and other senators introduced the Ending Presidential Corruption in Banking Act. The OCC said its leadership and staff had followed their legal duties and ethical obligations when reviewing the application. Witkoff characterized the approval as an achievement despite criticism from politicians and mainstream media.
Moneyiar market picture
Moneyiar data at 2026-10-08 09:19 +03:30 showed USD1 at $0.9987249042, down 0.06% over 24 hours and 0.04% over seven days. WLFI traded at $0.0558021134, up 1.95% over 24 hours and 0.73% over seven days. Official Trump was at $1.860256485, down 0.44% in 24 hours and 10.08% over seven days, while FORM stood at $0.2656124074, down 1.41% and 7.83% over those periods, respectively.
