Donald Trump’s crypto-backed entity, World Liberty Finance (WLFI), is expanding its stablecoin USD1 onto the Solana blockchain.
Announced early Monday, the move will make USD1 redeemable on Solana at a 1:1 ratio with the U.S. dollar.
The expansion follows USD1’s rapid growth since its April 2025 launch. According to Artemis, the stablecoin has already reached a $2.2 billion market capitalization in just 90 days—a milestone only a handful of tokens achieve.
WLFI is rolling out the stablecoin with integration partners on Solana, including Raydium, an automated market maker; Kamino, a lending and borrowing platform; and Bonk.fun, a bonding curve protocol.
Susan, WLFI’s head of ecosystem, said the launch will be supported by a $30 million liquidity pool to facilitate trading on centralized exchanges such as LBank, KuCoin, and Kraken, enabling direct conversion between USD1 and SOL.
The integration keeps USD1 interoperable with other chains, including Ethereum, Tron, and BNB Chain.
Solana strengthens its stablecoin position
Solana has emerged as a hub for stablecoins, recording 200% year-over-year growth with a circulating supply of $11.9 billion.
At present, Solana hosts five stablecoins—including USDC and USDT—with a combined capitalization of $11.539 billion, representing 14.29% of the total stablecoin market, per DeFiLlama.
The USD1 launch comes as Coinbase, the largest U.S. crypto exchange, confirmed plans to list the asset, pending favorable market conditions and technical readiness.
WLFI token faces market pressure
Alongside the Solana expansion, WLFI unlocked 20% of its native token supply, a move first announced in August. Before the unlock, WLFI perpetuals traded at $0.42 on Binance, Bybit, and OKX.
Market reaction was bearish, with WLFI dropping 18% to $0.2704 as investors sold unlocked tokens across Binance, Bybit, Bithumb, and Upbit.
Despite the sell-off, WLFI trading volume according to DeFiLlama spiked to $1.12 billion in 24 hours. The combination of rising volume and falling prices points to strong selling momentum, raising the likelihood of further downside.
