World Liberty Financial (WLFI) has announced the launch of its stablecoin USD1 on the Solana blockchain. The announcement was made via WLFI's official account on social media platform X.
Launch of USD1 on Solana
According to the post on X, "USD1 is now live on Solana—where capital markets finally move at internet speed." The project has minted $100 million worth of tokens on Solana, completely backed 1:1 by U.S. dollar reserves.
Support from the Solana Ecosystem
The USD1 stablecoin is designed for speed and control, providing instant, permissionless, and globally accessible transactions. WLFI emphasizes that integrating with the growing DeFi ecosystem of Solana is crucial to their goal of creating user-friendly transactions.
Expansion on Crypto Exchanges
In addition to the launch of USD1 on Solana, WLFI's token is also officially launching on various crypto exchanges, including Upbit, Binance, Kraken, and Bitget. HTX confirmed the listing of WLFI's governance token starting September 1, with trading pairs including WLFI/USD1. Reports suggest Coinbase is also preparing to support the stablecoin.
With the launch of USD1, World Liberty Financial is making a firm bet on speed, liquidity, and infrastructure, significantly strengthening its position in the stablecoin segment.
