Trump-affiliated WLFI extends USD1 stablecoin to Solana platform prior to coin release
World Liberty Financial (WLFI), a DeFi project that has been generating a lot of buzz in the crypto community, is set to expand its stablecoin, USD1, to the Solana blockchain. This move, which was confirmed by co-founder of Solana, Zach Witkoff, is expected to open the door to more users and strengthen USD1's role in Solana's DeFi ecosystem.
Currently, USD1 runs on Ethereum, BNB Smart Chain, and TRON. Adding Solana as a fourth network is a strategic move that could potentially attract a larger user base. USD1 has grown rapidly since its April 2025 debut, with its supply reaching $2.4 billion.
The total stablecoin market cap is currently valued at over $295 billion, with USD1 ranking fifth with a market cap of more than $2.5 billion. Tether (USDT) and USD Coin (USDC) lead the stablecoin sector with market caps of over $167 billion and $71 billion, respectively.
The decision to transfer the USD1 stablecoin by World Liberty Financial to the Solana blockchain was made by the company itself. CharlesWLFI, the Head of Solana Ecosystem at WLFI, stated that USD1 will land on Solana sooner than expected. On-chain data shows that $100M in USD1 has already been minted on Solana.
WLFI is a DeFi project that has attracted attention not only for its stablecoin but also for its backing by Donald Trump. Major exchanges such as Coinbase, Bullish, and HTX (formerly Huobi) are supporting USD1, with Kraken and HTX having confirmed plans to list WLFI, although an exact launch date has not been shared.
KuCoin has launched the USD1 Points Program, allowing users to earn points by trading, holding, or staking USD1 on the platform. The WLFI token unlock is scheduled for September 1, adding another exciting development to the WLFI ecosystem.
As World Liberty Financial continues to shape up as one of the most closely watched DeFi projects heading into September, the expansion of USD1 to Solana is expected to solidify its position in the DeFi space. With its strong backing, growing user base, and strategic partnerships, WLFI is poised to make a significant impact in the world of DeFi.
