World Liberty Financial is signaling the upcoming launch of the USD1 stablecoin on Solana.

World Liberty Financial, a DeFi project related to President Donald Trump, is preparing to launch the USD1 stablecoin on Solana, expanding its presence after Ethereum, BNB Chain, and TRON. On August 29, the strategic leader of Solana for the project stated that this move would happen "sooner than you think," while co-founder Zach Witkoff affirmed: "Solana, we are here."

According to Dumpster Dao, a wallet related to the project has implemented Chainlink CCIP on Solana to connect the WLFI token, while also discovering that Kamino Finance – the largest lending platform on Solana – has opened a vault specifically for USD1. This indicates that the plan has entered the technical deployment phase.

The market capitalization of Solana's stablecoins currently exceeds 12 billion USD, led by USDC ( at 8.7 billion USD) and USDT ( at 2.17 billion USD). The addition of USD1, which currently has a supply of 2.5 billion USD, is expected to increase liquidity and drive DeFi activity on Solana.

WLFI5.71%
USD1-0.21%
SOL-1.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
StudHisAncestorsvip
· 08-30 09:12
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)