World Liberty Financial (WLFI), backed by the U.S. President Donald Trump and his family, has announced the launch of its stablecoin, USD1, on the Solana blockchain. The official announcement was made on WLFI’s official account on X today.
The post on X stated, “USD1 is now live on Solana—where capital markets finally move at internet speed.” Further, the project has minted $100 million of tokens on Solana, according to Lookonchain.
Built for speed and control, USD1 is completely backed 1:1 by the U.S. Dollar reserves, and aims to provide instant, permissionless, and globally accessible transactions. Its integration into Solana’s growing DeFi ecosystem is also in sync with WLFI’s goal to make user-friendly transactions.
WLFI posted on X, reinforcing their belief in Solana’s future as a financial layer, “Solana needed a dollar as dynamic as its core: instant execution, permissionless, & globally accessible.”
The launch was supported by various Solana ecosystem dApps, including Raydium, Kamino Finance, and Bonk integration.
Crypto exchanges join WLFI’s Expansion
Apart from the USD1 launch on Solana, World Liberty Fi’s WLFI token is also officially launching on many exchanges, including Upbit, Binance, Kraken, Bitget, and many more.
HTX confirmed it will list WLFI’s governance token starting September 1, with trading pairs including WLFI/USD1. Coinbase is also reportedly preparing to support the stablecoin. By launching USD1 with a $100 million mint on Solana, WLFI is placing a firm bet on speed, liquidity, and infrastructure. With strong DeFi integrations, reserve backing, and rising exchange momentum, USD1 is stepping into the stablecoin race with serious intent.
Also Read: DeFi Development Corp Launches First Solana Treasury Vehicle in UK
