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.
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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.