Solana News Today: Solana Gets a New Stablecoin Muscle: USD1's Strategic Move to Expand Influence

BONK.fun has officially announced its role as the Solana launchpad for USD1, the stablecoin issued by World Liberty Financial (WLFI). The move, confirmed by WLFI co-founder Zach Witkoff and other project representatives, marks a strategic expansion of the USD1 stablecoin onto the Solana blockchain. While WLFI has not yet issued a formal announcement, multiple signals—including onchain data, social media activity, and third-party confirmations—suggest that USD1 will soon become the fourth blockchain network to host the stablecoin after BNB Smart Chain, Ethereum, and Tron.

According to onchain data, 100 million USD1 tokens have already been minted on Solana, suggesting active preparation for the stablecoin’s integration into the network. The expansion is part of WLFI’s broader strategy to increase the adoption and utility of USD1. Since its launch in April 2025, USD1 has seen rapid growth, with its supply rising to $2.402 billion. However, its growth has since plateaued, prompting the project to seek expansion to new chains. Currently, 88.52% of USD1’s supply is on BSC, with Ethereum and TRON accounting for 10% and 1% respectively. By adding Solana to the list, WLFI aims to diversify the stablecoin’s distribution and enhance its utility across a broader set of DeFi protocols and use cases.

The transition of USD1 to Solana is also supported by key players in the ecosystem. DeFi protocol Raydium has hinted at the move, stating that Solana is set to gain more stability, while BONK.fun has described the event as the “story of the dog and eagle,” alluding to the potential synergy between the two projects. The Solana-based launchpad is expected to play a crucial role in facilitating the stablecoin’s adoption by integrating it into platforms and services aligned with its infrastructure. This alignment is particularly significant given Solana’s growing prominence in the DeFi space, characterized by low transaction costs and fast processing speeds, which are essential for high-volume stablecoin use cases.

USD1’s arrival on Solana comes amid broader expansion in the stablecoin market. As of late August 2025, the total stablecoin market cap hit $283.46 billion, with USD1 ranking as the fifth-largest stablecoin by market capitalization, valued at over $2.5 billion. The growth has been fueled in part by projects like Ethena USDe and MakerDAO DAI, which have seen double-digit increases in their supplies over the past month. While USD1’s supply increased by 10% in the same period, the stablecoin’s expansion onto Solana could help it regain some momentum amid a competitive landscape dominated by Tether USDT and Circle USDC.

The move also aligns with WLFI’s upcoming token unlock scheduled for September 1, which is expected to generate significant interest across the crypto market. Major exchanges such as HTX, KuCoin, and Kraken have already prepared for the launch, opening deposits and setting trading dates. The simultaneous expansion of USD1 to Solana may act as a catalyst for increased activity in the WLFI ecosystem, potentially attracting new investors and developers to the project.

The strategic deployment of USD1 on Solana underscores the growing importance of cross-chain interoperability in the crypto space. As stablecoins continue to serve as a bridge between traditional finance and decentralized markets, their availability on high-performance blockchains like Solana is expected to drive adoption and facilitate more complex financial applications. By leveraging Solana’s infrastructure, WLFI aims to position USD1 as a versatile and scalable stablecoin capable of supporting a wide range of DeFi activities.

Source:

[1] USD1 stablecoin from WLFI hints at expansion to Solana (https://cryptorank.io/news/feed/9971b-world-liberty-financial-usd1-solana)

[2] Trump-Backed WLFI Expands USD1 Stablecoin to Solana Ahead of Token Launch (https://cryptorank.io/news/feed/bf604-trump-backed-wlfi-expands-usd1-stablecoin-to-solana-ahead-of-token-launch)

[3] Best Solana Launchpads for August 2025 (https://99bitcoins.com/best-crypto-launchpads/solana/)