The World Liberty Financial, created by the US President Donald Trump, launched the USD1 Stablecoin, the USD1 President’s family on the SOLANA blockchain.
SOLANA produced 100 million USD1 tokens, showed Lookonchain data. The launch of the USD1 stabilcoin in the SOLANA blockchain means that now users can use USD1 on the Raydium, Bonk.fun and Kamino Finance protocols to provide liquidity, lending and profit.
Previously, USD1, provided, according to the developers, with short -term treasury bonds of the United States, cash and cash equivalent, was integrated into the Ethereum blockchain, BNB Chain and Tron. The USD1 developers said they added the Soolana network for its high throughput and speed of transactions, as well as for low commissions.
“Here the economy is developing lightning speed, new tokens are produced every minute, traders change positions in seconds, and the founders create applications with real income,” said the World Liberty Financial team.
The USD1 launch on SOLANA took place on the same day as the WLFI token from the World Liberty Financial on large cryptocurrency exchanges in Binance, Bybit, OKX and KUCOIN. The HTX exchange also opened the possibility of making deposits in WLFI tokens by adding WLFI/USDT and WLFI/USD1 trading pairs. Now WLFI is trading for $ 0.30, and its market capitalization is $ 7.5 billion.
In May, the World Liberty Financial platform voted about the test distribution of USD1 stablecoin for the early owners of WLFI tokens. The initiative received the support of the overwhelming number of participants.
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Source: Cryptocurrency
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