Trump’s Crypto Project Taps Bonk And Raydium In A High-Stakes Bid To “Rebuild” Solana

What Happened

World Liberty Financial, the cryptocurrency project backed by U.S. President Donald Trump, announced a major expansion onto the Solana blockchain through partnerships with memecoin platform Bonk and decentralized exchange Raydium.

In a post on X, the project stated that it was “rebuilding the Solana ecosystem” in partnership with Bonk and Raydium as part of its mission to drive USD1 adoption. “Actions > words,” the post read.

“We’ve acquired some $1 as the leading USD1 community on Solana for our strategic reserve. This is just the first step toward making USD1 the home for Solana traders and creators.”

The partnership positions USD1 to compete directly with Circle’s USDC, which currently dominates Solana’s stablecoin market. According to data from DeFiLlama, USDC accounts for more than $9 billion of the network’s $14.12 billion stablecoin supply.

The collaboration will introduce USD1 to Bonk.fun’s memecoin launchpad and Raydium’s automated market maker (AMM) pools.

The integrations will allow new USD1-based trading pairs and token launches while offering multi-million-dollar promotional incentives for users who provide liquidity or trade with USD1 pairs.

USD1 has grown rapidly since its launch in April 2025, reaching $2.91 billion in circulation by November, making it one of the fastest-growing stablecoins this year.

World Liberty Financial also revealed that it has begun acquiring USD1 for its own strategic reserves.

Following the partnership news, WLFI, the project’s native token, surged nearly 10% in 24 hours to trade around $0.1226, pushing its market capitalization to roughly $3.33 billion.

The announcement follows a series of recent moves by World Liberty Financial indicating rapid expansion.

On October 31, the company launched a “USD1 Points Program” designed to reward users who participate in DeFi activities involving the stablecoin.

Just days before the Solana announcement, World Liberty Financial distributed 8.4 million WLFI tokens, worth around $1.2 million, to early participants in the Points Program.

Market Context

By integrating with Bonk and Raydium, World Liberty Financial hopes to embed USD1 at the infrastructure level of Solana’s DeFi activity, targeting both liquidity and community engagement.

Only Tether’s USDT, Circle’s USDC, MakerDAO’s DAI, and Sky’s USDS have larger market capitalizations.

The token is issued by World Liberty Financial and custodied by BitGo, backed 1:1 by assets in U.S. government money market funds and other cash equivalents.

While the company did not specify the size of the acquisition, it described the move as part of its plan to provide liquidity and support market-making operations for the token.

According to the company, the program generated over $500 million in trading activity within two months, positioning it as one of the most active stablecoin incentive campaigns this year.

Why It Matters

The collaboration, unveiled on November 5, marks a strategic push to integrate the project’s USD1 stablecoin into Solana’s fast-growing decentralized finance (DeFi) ecosystem.

WLFI Pushes USD1 Stablecoin Into Solana’s Core DeFi Layer

Details

The goal, according to the company, is to make USD1 a major stablecoin alternative for Solana users by leveraging the network’s low transaction costs and high speed.

World Liberty Financial Advances DeFi Strategy With USD1 Rewards Initiative and Ecosystem Expansion

The initiative allows users to collect reward points for supplying USD1 on partner platforms such as Dolomite. The company said the program seeks to make USD1 interoperable across permissionless applications and strengthen its presence in decentralized finance.

Leadership changes have also been underway. On October 29, World Liberty Financial appointed Mack McCain, a former Robinhood executive, as its new general counsel.

McCain previously held senior roles at Charles Schwab, Arta Finance, and Scottrade, bringing extensive regulatory and legal expertise to the firm. The company said his appointment reflects its goal to build “open and compliant digital finance.”