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Stablecoin 1,169 Views
1 year ago

USD1 Stablecoin Prepares to Launch on Solana

Trump-backed USD1 stablecoin by WLFI may soon go live on Solana, marking its fourth blockchain expansion.

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USD1 Stablecoin Prepares to Launch on Solana
USD1 Stablecoin Prepares to Launch on Solana

World Liberty Financial (WLFI) is preparing to expand its USD1 stablecoin to the Solana blockchain, signaling a new chapter in the project's multi-chain strategy. The team teased the development on social media, sharing an image of their iconic golden eagle shaded in Solana’s purple, accompanied by the message: “USD1 meets internet capital markets.”

While an official announcement is still pending, WLFI’s Solana Ecosystem Head, “CharlesWLFI,” confirmed the deployment is happening “sooner than you think.” Co-founder Zach Witkoff later verified Charles’ role and confirmed Solana integration is underway. Supporting this, onchain data shows 100 million USD1 tokens already minted on Solana, confirming behind-the-scenes preparations.

USD1, launched in April 2025, is currently live on Ethereum, BNB Smart Chain, and TRON. Solana would be the fourth network to support it. Although the stablecoin’s growth plateaued at around $2.4 billion, Solana integration could reignite adoption, especially with WLFI's partnerships with exchanges like Coinbase and Binance, and DeFi protocols like JustLend and PancakeSwap.

This move comes amidst a $7 billion surge in total stablecoin market cap this past week. Projects like Ethena USDe, DAI, and USDC are driving the growth. While USD1 grew 10% during this period, it still trails behind its peers in expansion, and Solana could help change that trajectory.