As per Bijiawang, World Liberty Financial (WLFI), a cryptocurrency project backed by former U.S. President Donald Trump, has announced a strategic expansion plan to integrate its USD1 stablecoin into the Solana blockchain’s DeFi ecosystem through partnerships with Bonk and Raydium. The collaboration, revealed on November 5, aims to expand USD1’s usage beyond existing markets and position it as a direct competitor to USDC, which dominates Solana’s stablecoin supply. USD1, pegged 1:1 to U.S. government money market funds and cash equivalents, has grown to a circulation of $2.91 billion since its April 2025 launch. WLFI also introduced a USD1 Points Program in October to reward DeFi activity and has distributed 8.4 million WLFI tokens, worth around $1.2 million, to early participants.
Trump-Backed WLFI Expands USD1 Stablecoin to Solana via Bonk and Raydium
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.