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Hassan Shittu
Journalist
Hassan Shittu
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World Liberty Financial, the cryptocurrency project backed by US President Donald Trump, has announced a major expansion on the Solana blockchain through partnerships with memecoin platform Bonk and decentralized exchange Raydium.
The partnership, unveiled on November 5, marks a strategic push to integrate the project’s USD1 stablecoin into Solana’s decentralized financial (DeFi) ecosystem.
WLFI Pushes USD1 Stablecoin Into Solana’s Core DeFi Layer
In a post on X, the bill said that was “rebuilding the Solana ecosystem” in partnership with Bonk and Raydium as part of its mission to drive USD1 adoption. “Actions > words,” read the post.
“We have acquired about $1 as the main community of USD1 in Solana for our strategic reserve. This is only the first step in making USD1 the home for Solana’s merchants and creators.”
The partnership positions USD1 to compete directly with Circle’s USDC, which currently dominates the Solana stablecoin market. According to data from DeFiLlamaUSDC accounts for more than $9 billion of the network’s $14.12 billion stablecoin supply.
By integrating with Bonk and Raydium, World Liberty Financial hopes to embed USD1 at the infrastructure level of Solana’s DeFi activity, aimed at liquidity and community engagement.
The partnership will introduce USD1 to Bonk.fun’s memecoin launchpad and Raydium’s automated market making (AMM) pools.
The integrations will enable new USD1-based trading pairs and token launches while offering multi-million dollar promotional incentives for users who provide liquidity or trade with USD1 pairs.
The goal, according to the company, is to make USD1 a major stablecoin alternative for Solana users, leveraging the network’s transaction costs and high speed.
USD1 has grown rapidly since its launch in April 2025, reaching $2.91 billion in circulation since November, making it one of the fastest growing stablecoins this year.
Only Tether’s USDT, Circle’s USDC, MakerDAO’s DAI, and Sky’s USDS have larger market caps.
The token is issued by World Liberty Financial and custodianized by BitGo, backed 1:1 by assets in US government money market funds and other cash equivalents.
World Liberty Financial also revealed that it has started acquiring USD1 for its strategic reserves.
While the company did not specify the size of the purchase, it described the move as part of its plan to provide liquidity and support market-making operations for the token.
Following news of the partnership, WLFI, the project’s native token, rose nearly 10% in 24 hours to trade around $0.1226, pushing its market capitalization to around $3.33 billion.
World Liberty Financial Advances DeFi Strategy with USD1 Reward Initiative and Ecosystem Expansion
The announcement follows a series of recent moves by World Liberty Financial that indicate rapid expansion.
On October 31, the company launched a “USD1 Points Program” designed to reward users who participate in DeFi activities involving the stablecoin.
The initiative allows users to collect reward points for delivering USD1 on partner platforms such as Dolomite. The company said the program seeks to make USD1 interoperable in permissionless applications and strengthen its presence in decentralized finance.
A few days before Solana’s announcement, World Liberty Financial distributed 8.4 million WLFI tokens, worth approximately $1.2 millionto the first participants in the Points Program.
According to the company, the program generated more than $500 million in trading activity in two months, positioning it as one of the most active stablecoin incentive campaigns this year.
Leadership changes have also been underway. On October 29, World Liberty Financial appointed Mack McCain, a former Robinhood executive, as its new general counsel.
McCain previously held senior roles at Charles Schwab, Arta Finance and Scottrade, bringing extensive regulatory and legal expertise to the firm. The company said his appointment reflects its aim to build “open and compliant digital finance”.
World Liberty Financial’s USD1 strategy is part of a broader vision to expand its ecosystem beyond stablecoins.
In early October, CEO Zach Witkoff announced the plans launch a crypto debit card for “bridge assets with everyday crypto spending.” The firm also revealed that it is working on tokenizing real-world assets, including real estate, oil and gas.
