Author：Encryption Jianghu
Key Takeaways
How big is World Liberty Financial’s USD1 stablecoin?
USD1 has reached a circulating supply of $2.91 billion just seven months after its launch in April 2025, making it one of the top stablecoins.
What does the Solana expansion mean for USD1?
Partnerships with Bonk [Solana’s top memecoin] and Raydium [leading Solana DEX] provide USD1 with distribution channels and liquidity infrastructure to compete against other stablecoins.
World Liberty Financial announced on 5 November that its USD1 stablecoin is expanding to Solana through partnerships with memecoin platform Bonk and decentralized exchange Raydium.
The Trump-backed DeFi project revealed it acquired USD1 for strategic reserves. This is a part of its mission to drive stablecoin adoption on the fast-growing blockchain.
Explosive growth for USD1 in seven months
USD1 launched in April 2025 and reached $2.91 billion in circulation by November. This is an impressive trajectory that positions it among crypto’s top stablecoins.
Only Tether’s USDT, Circle’s USDC, MakerDAO’s DAI, and Sky’s USDS maintain larger market caps.
The growth demonstrates strong demand for World Liberty Financial’s dollar-pegged token. Although the project’s association with the Trump family creates both credibility and controversy.
The stablecoin market is valued at approximately $200 billion, with USDT and USDC collectively holding over 80% of the combined market share.
Strategic Solana play
The Bonk and Raydium partnerships signal aggressive Solana expansion. Bonk provides access to Solana’s passionate memecoin community, while Raydium offers critical DEX liquidity infrastructure for trading pairs and automated market making.
World Liberty Financial positioned USD1 as “the leading USD1 community on Solana,” suggesting plans to dominate stablecoin usage on the blockchain.
According to data from DefiLlama, USDC currently dominates on the Solana network.
USDC makes up over $9 billion of the $14.12 billion stablecoin market cap on Solana.
The partnerships enable USD1 to challenge that dominance by embedding into Solana’s DeFi ecosystem at the infrastructure level.
Strategic reserve questions
World Liberty Financial also disclosed acquiring USD1 for its own strategic reserves—effectively buying back its own stablecoin.
The move serves multiple purposes: it provides initial liquidity, supports market-making operations, and creates internal demand.
However, the announcement omitted specifics on acquisition size.
The strategic reserve concept aligns with broader trends in the crypto industry and Trump’s own proposals for government Bitcoin reserves.
This potentially positions USD1 as a treasury management tool for the project’s DeFi operations.
What’s next
World Liberty Financial teased “Stay tuned,” suggesting additional announcements around USD1’s Solana expansion.
The stablecoin’s rapid growth and strategic partnerships indicate serious ambitions to compete with established players in the $200 billion stablecoin market.
