Trump's Crypto Initiative Partners with Bonk and Raydium to Revitalize Solana

World Liberty Financial, the cryptocurrency project associated with former U.S. President Donald Trump, has revealed a significant expansion onto the Solana blockchain. This initiative includes partnerships with the popular memecoin platform Bonk and decentralized exchange Raydium.

Key Takeaways

World Liberty Financial announces a partnership with Bonk and Raydium to expand its USD1 stablecoin onto the Solana blockchain.
USD1 aims to compete with USDC in Solana’s DeFi ecosystem, focusing on liquidity and user engagement.
The USD1 Points Program rewards users for engaging in DeFi activities, contributing to substantial trading activity.
Leadership changes, including a new general counsel, signal ongoing growth and compliance efforts within the company.

Trump's Crypto Initiative Partners with Bonk and Raydium to Revitalize Solana

The collaboration, announced on November 5, is part of a strategic effort to integrate the project’s stablecoin, USD1, into the rapidly evolving decentralized finance (DeFi) ecosystem of Solana.

WLFI Aims to Embed USD1 in Solana’s DeFi Framework

In a statement on social media, the project declared its mission to "rebuild the Solana ecosystem" with Bonk and Raydium, emphasizing the importance of tangible actions in promoting USD1. “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 post noted.

This partnership positions USD1 to compete directly with Circle’s USDC, which currently leads Solana’s stablecoin market. Data from DeFiLlama indicates that USDC represents more than $9 billion of the network’s total $14.12 billion stablecoin supply.

USD1 Stablecoin Growth

By teaming up with Bonk and Raydium, World Liberty Financial aims to integrate USD1 into the infrastructure level of Solana’s DeFi activities, focusing on enhancing liquidity and community involvement.

Through this collaboration, USD1 will be introduced on Bonk.fun’s memecoin launchpad and within Raydium’s automated market maker (AMM) pools.

These integrations will create new USD1 trading pairs and facilitate token launches, along with multi-million-dollar promotional incentives for users who trade or provide liquidity with USD1 pairs.

The goal is to establish USD1 as a key stablecoin option for Solana users by tapping into the network’s advantages of low transaction costs and high transaction speeds.

Since its launch in April 2025, USD1 has experienced rapid growth, reaching a circulation of $2.91 billion by November, ranking it among the fastest-growing stablecoins of the year.

USD1 Market Stats

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

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

World Liberty Financial has also begun acquiring USD1 for its strategic reserves. While the specifics of this acquisition were not disclosed, the company indicated that this move is intended to support liquidity and market-making for the token.

Following the announcement, WLFI, the native token of the project, saw an increase of nearly 10% within 24 hours, reaching around $0.1226 and boosting its market capitalization to approximately $3.33 billion.

World Liberty Financial Expands DeFi Strategy with USD1 Incentives and Broader Goals

The announcement aligns with a series of recent initiatives by World Liberty Financial that demonstrate swift expansion.

On October 31, the company introduced a “USD1 Points Program” aimed at rewarding users engaged in DeFi activities involving the stablecoin. This program allows users to earn reward points for supplying USD1 on partnered platforms like Dolomite, aiming to enhance interoperability across various permissionless applications and solidify its positioning in decentralized finance.

Just before revealing the Solana partnership, World Liberty Financial distributed 8.4 million WLFI tokens, valued at around $1.2 million, to early participants in the Points Program. According to the company, this initiative generated over $500 million in trading activity within two months, marking it as one of the most vibrant stablecoin incentive programs this year.

There have also been leadership developments within the company. On October 29, World Liberty Financial appointed Mack McCain, a former executive at Robinhood, as its new general counsel. McCain’s previous senior roles at Charles Schwab, Arta Finance, and Scottrade bring significant regulatory and legal expertise, aligning with the firm’s mission to promote “open and compliant digital finance.”

World Liberty Financial’s strategy concerning USD1 is part of a broader vision to broaden its ecosystem beyond stablecoins. Earlier in October, CEO Zach Witkoff announced plans for a crypto debit card intended to connect digital assets with everyday spending. The firm also disclosed efforts to tokenize real-world assets, including sectors like real estate, oil, and gas.