World Liberty Financial (WLFI), linked to US President Donald Trump, recently announced its plan to expand its presence on the Solana blockchain. According to the announcement, the plans involve forming fresh partnerships with Bonk, a memecoin platform, and Raydium, a decentralized exchange built on the Solana blockchain that combines automated market making (AMM), order book trading, and has token launch capabilities.

WLFI’s Partnership With Bonk And Raydium: USD1 Positioned To Be The De Facto DeFi Stablecoin

The main idea behind WLFI partnering up with Bonk and Raydium is, in essence, to make its stablecoin, USD1, the de facto way for users to interact with DeFi on the Solana blockchain.

Furthermore, it aims to boost the amount of money flowing through the system (liquidity) and to involve more people in the community. As part of the partnership, USD1 will be added to Bonk.fun’s memecoin launchpad and to Raydium’s trading pools, which are used to match buyers and sellers automatically.

Meaning, new trading pairs and token launches will be built around USD1. Also, to encourage more people to use it, the project is offering multi-million dollar rewards to users who trade with USD1 or help provide liquidity.

WLFI has said that its goal is to turn USD1 into a major stablecoin option for users on the Solana network by utilizing the network’s fast speeds and low fees.

Meanwhile, after the announcement of the partnership, WLFI jumped nearly 10% in just 24 hours, trading at around $0.1226 and pushing its total market value to about $3.33 billion.

WLFI Is Cooking: Dissecting Recent Moves

The company has been making some wild moves lately, rapidly expanding its reach in the crypto space. On 31 October, WLFI introduced the USD1 points program, which rewards users taking part in DeFi activities.

As a result of this program, users can earn points by supplying USD1 on platforms like Dolomite. The company explained that the initiative aims to make the stablecoin work across open, permissionless apps, boosting its role in the DeFi ecosystem.

Moreover, just a few days before announcing its partnership with Solana, WLFI gave out 8.4 million WLFI tokens worth $1.2 million to the participants of the points program.

According to the company, this campaign sparked over $500 million in trading volume within just two months.