World Liberty Financial announced on November 5, 2025, that its USD1 stablecoin is expanding to the Solana blockchain through strategic partnerships with memecoin platform Bonk and decentralized exchange Raydium. The Trump-backed DeFi project revealed it has acquired USD1 for its strategic reserves as part of its mission to drive stablecoin adoption on Solana.
USD1 launched in April 2025 and has reached a circulating supply of $2.91 billion in just seven months, positioning it among the top stablecoins in the crypto market. Only Tether's USDT, Circle's USDC, MakerDAO's DAI, and Sky's USDS have larger market caps. The stablecoin market is valued at approximately $200 billion, with USDT and USDC collectively holding over 80% market share.
The partnerships with Bonk and Raydium provide USD1 with distribution channels and liquidity infrastructure to compete on Solana. Bonk offers access to Solana's passionate memecoin community, while Raydium enables trading pairs and automated market making through its DEX. World Liberty Financial aims to make USD1 the leading stablecoin on Solana, challenging USDC's dominance, which currently accounts for over $9 billion of the $14.12 billion stablecoin market cap on the network.
World Liberty Financial also disclosed acquiring USD1 for its strategic reserves to support market-making operations and create internal demand, though specific acquisition sizes were not revealed. The move aligns with broader trends in crypto treasury management and Trump's proposals for government Bitcoin reserves. The company teased additional announcements, indicating ongoing efforts to expand USD1's presence in the competitive stablecoin landscape.
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