World Liberty Financial, a company defi connected to President Donald Trump, is preparing to extend its USD1 stablocoin to the solar block chain.
On August 29, Charles, who directs the company’s Solana ecosystem strategy, announced that the measure would occur “before what you think.”
USD1 prepares to enter the Stablcoin market of $ 12 billion solana
The Defi Venture co -founder related to Trump, Zach Witkoff, echoed the message in an X post, saying:
“Solana here we come.”
At the same time, the company’s official account also published an image of its renowned logo in the green and purple colors of Solana.
In fact, Blockchain independent analysts had already seen early signs of the movement.
On August 28, the DAO container, a research group, reported that a wallet linked to World Liberty Financial deployed a Chainlink CCIP program in Solana to join its Token WLFI.
A day later, the group tracked the activity that suggests that integrations with the main solana protocols such as Kamino were underway.
According to the DAO container, Kamino Finance, the largest loan platform in Solana, has established a dedicated USD1 vault.
The direction of the vault implemer coincided with the details found in Kamino’s documentation. The flows in the chain also showed that the stablecoin moved from the multisig wallet of Kamino to the WLFI deployment in Solana.
These details suggest that the deployment is progressing beyond ads in technical implementation.
Meanwhile, this expansion occurs when the Solana Stablecoin market capitalization has increased more than $ 12 billion. This is its highest level in almost four months.
According to Defillama data, the USDC of Circle dominates the chain with $ 8.7 billion in supply, followed by the USDT of Tether at $ 2.17 billion.
Market analysts argue that the additional liquidity of USD1 could strengthen the Defi de Solana markets by supporting loan, liquidation and trade activity.
The USD1 of World Liberty Financial, linked to the US dollar and backed by treasures and cash equivalents, has already been deployed in Ethereum, BNB Chain and Tron.
In recent months, Stablecoin has quickly won traction with Binance and Bullish cryptography exchanges using it in their separate investment agreements.
This level of adoption has helped boost digital asset to qualify among the six best stables in the industry. Its circulating supply is about $ 2.5 billion, most are concentrated in the BNB chain.
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