World Liberty Financial, a DeFi initiative linked to President Donald Trump, is set to launch its USD1 stablecoin on the Solana blockchain.
On August 29, Charles, who leads the venture’s strategy for the Solana ecosystem, mentioned that the transition would occur “sooner than you think.”
USD1 Gears Up to Enter Solana’s $12 Billion Stablecoin Market
The co-founder of the Trump-associated DeFi venture, Zach Witkoff, reiterated this in an X post, stating:
“Solana, here we come.”
Simultaneously, the company’s official account on X shared an image of its logo redesigned in the signature green and purple hues of Solana.
Indeed, independent blockchain analysts had previously noticed early indicators of this move.
On August 28, Dumpster Dao, a research collective, reported that a wallet linked to World Liberty Financial deployed a Chainlink CCIP program on Solana to bridge its WLFI token.
The following day, the group tracked activity that suggested integrations with major Solana protocols like Kamino were in progress.
According to Dumpster Dao, Kamino Finance — the largest lending platform on Solana — has created a dedicated USD1 vault.
The address deploying the vault corresponds with details in Kamino’s documentation. On-chain flows indicate the stablecoin moving from Kamino’s multisig wallet back to the WLFI deployer on Solana.
These developments imply that the rollout is advancing beyond mere announcements into actual technical execution.
Meanwhile, this expansion coincides with Solana’s stablecoin market capitalization surpassing $12 billion, its highest level in nearly four months.
As per DeFillama data, Circle’s USDC leads the chain with $8.7 billion in supply, followed by Tether’s USDT at $2.17 billion.
Market analysts suggest that added liquidity from USD1 could enhance Solana’s DeFi markets by bolstering lending, settlement, and trading activities.
World Liberty Financial’s USD1, pegged to the US dollar and supported by Treasuries and cash equivalents, has already launched on Ethereum, BNB Chain, and TRON.
In recent months, the stablecoin has rapidly gained traction, with crypto exchanges Binance and Bullish utilizing it in their individual investment agreements.
This level of adoption has propelled the digital asset to rank among the top six stablecoins in the sector, with a circulating supply nearing $2.5 billion, primarily concentrated on BNB Chain.
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