World Liberty Monetary, the cryptocurrency undertaking backed by U.S. President Donald Trump, introduced a main growth onto the Solana blockchain by partnerships with memecoin platform Bonk and decentralized change Raydium.
The collaboration, unveiled on November 5, marks a strategic push to combine the undertaking’s USD1 stablecoin into Solana’s fast-growing decentralized finance (DeFi) ecosystem.
In a publish on X, the project stated that it was “rebuilding the Solana ecosystem” in partnership with Bonk and Raydium as a part of its mission to drive USD1 adoption. “Actions > phrases,” the publish learn.
“We’ve acquired some $1 because the main USD1 neighborhood on Solana for our strategic reserve. That is simply step one towards making USD1 the house for Solana merchants and creators.”
The partnership positions USD1 to compete instantly with Circle’s USDC, which at present dominates Solana’s stablecoin market. In accordance to knowledge from DeFiLlama, USDC accounts for greater than $9 billion of the community’s $14.12 billion stablecoin provide.
Supply: DeFiLlama
By integrating with Bonk and Raydium, World Liberty Monetary hopes to embed USD1 on the infrastructure degree of Solana’s DeFi exercise, focusing on each liquidity and neighborhood engagement.
The collaboration will introduce USD1 to Bonk.enjoyable’s memecoin launchpad and Raydium’s automated market maker (AMM) swimming pools.
The integrations will enable new USD1-based buying and selling pairs and token launches whereas providing multi-million-dollar promotional incentives for customers who present liquidity or commerce with USD1 pairs.
The objective, in accordance to the corporate, is to make USD1 a main stablecoin different for Solana customers by leveraging the community’s low transaction prices and excessive velocity.
USD1 has grown quickly since its launch in April 2025, reaching $2.91 billion in circulation by November, making it one of many fastest-growing stablecoins this 12 months.
Supply: CoinGecko
Solely Tether’s USDT, Circle’s USDC, MakerDAO’s DAI, and Sky’s USDS have bigger market capitalizations.
The token is issued by World Liberty Monetary and custodied by BitGo, backed 1:1 by property in U.S. authorities cash market funds and different money equivalents.
World Liberty Monetary additionally revealed that it has begun buying USD1 for its personal strategic reserves.
Whereas the corporate didn’t specify the dimensions of the acquisition, it described the transfer as a part of its plan to present liquidity and assist market-making operations for the token.
Following the partnership information, WLFI, the undertaking’s native token, surged practically 10% in 24 hours to commerce round $0.1226, pushing its market capitalization to roughly $3.33 billion.
