Summary
- World Liberty Financial (WLFI)-backed stablecoin USD1 has begun issuance on the Solana (SOL) network.
- USD1 is expected to be used from day one in Solana ecosystem applications such as Raydium (RAY), Bonk.fund, and Camino.
- The launch of the stablecoin could impact crypto asset investment and trading activity within the Solana ecosystem.
World Liberty Financial (WLFI), supported by the Trump family, announced on the 1st that it has launched its stablecoin (a virtual asset whose value is linked to fiat currency) USD1 on the Solana (SOL) network.
USD1 is expected to be usable from day one in Solana ecosystem applications such as Raydium (RAY), Bonk.fund, and Camino.
Uk Jin
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