World Liberty Financial, a decentralized finance venture linked to President Donald Trump, is preparing to bring its USD1 stablecoin to the Solana blockchain.
On August 29, Charles, who leads the venture’s Solana ecosystem strategy, said the launch would come “sooner than you think.” A day earlier, Dumpster Dao, a research group, noted that a wallet tied to the project had deployed a Chainlink CCIP program on Solana to bridge its WLFI token. The collective also traced on-chain activity suggesting that integrations with major Solana protocols like Kamino Finance were already underway.
World Liberty Financial Moves Toward Solana Expansion
According to Dumpster Dao, Kamino, Solana’s largest lending platform, has created a dedicated USD1 vault. The vault’s deployer address matched Kamino’s documentation, while transaction flows showed the stablecoin moving from Kamino’s multisig wallet back to the WLFI deployer. These steps suggest that the expansion is now shifting from public announcements to technical execution.
This development comes at a time when Solana’s stablecoin market cap has surpassed $12 billion, its highest level in nearly four months. Data from DeFillama shows Circle’s USDC leading with $8.7 billion in supply, followed by Tether’s USDT at $2.17 billion. Analysts say that USD1’s entry could inject fresh liquidity into Solana’s DeFi markets, boosting lending, settlement, and trading activity.
Backed by U.S. Treasuries and cash equivalents, USD1 has already been deployed on Ethereum, BNB Chain, and TRON. Over recent months, it has gained traction through adoption by Binance and Bullish in their investment deals. This momentum has helped push the token into the top six stablecoins globally, with a circulating supply of about $2.5 billion most of it concentrated on BNB Chain.
