USD1 Initial deployment of 30 million to Solana, ready to confront USDC?

WLFI's USD1 has minted 30 million tokens on Solana all at once, but liquidity has not yet been established. (Background: With no large-scale adoption yet, can Trump's USD1 remain stable?) (Additional context: Plume Network has partnered with Trump's WLFI platform: USD1 is expanding across multiple chains and joining the pUSD reserves.) Backed by the Trump family, World Liberty Financial (WLFI) announced today that it has successfully minted 30 million USD1 stablecoins via the Solana blockchain, officially bringing the battle to this high-performance public chain. This is the latest step in USD1's expansion following Ethereum, BSC, Tron, and Plume, introducing new variables to the Solana stablecoin market, which has been dominated by USDC. USD1 on Solana still lacks liquidity. WLFI advisor Ogle posted: USD1 has just launched minting on Solana, but there is currently no liquidity. FYI, $usd1 being now minted on Solana doesn't mean there's any liquidity for it yet – so, if it takes some time to get liquidity, the beta launchpad will have it where you can launch tokens with $aol as the pair in the meantime, so long as I can get that confirmed by the dev team… — ogle | glue.net (@cryptogle) August 14, 2025. In other words, although 30 million tokens have been minted, the actual trading depth still needs to wait for WLFI to establish. USD1 is supported by short-term US Treasury bonds and cash reserves, with BitGo as the custodian, and its market capitalization has exceeded $2.1 billion since its issuance in March this year, with about 90% circulating on the BNB Chain. WLFI has also invested $10 million to accelerate interoperability with Falcon USD and collaborated with exchanges such as Binance, HTX, and MEXC. The "USD1 Points Program," launched in August, distributes rewards through HTX, Gate, and Bitget, aiming to increase user engagement. Related reports: July PPI explosion in the US leads to Bitcoin Long Wick Candle at $117,000, Trump's tariffs sound the inflation alarm, will The Federal Reserve lower interest rates in September? How much money did Trump make from his presidency? You'd be shocked if you calculated it. Nvidia and AMD agree to Trump's "15% AI chip tax," exchanging H20 and MI308 imports to China, with profits directly flowing to Washington. <USD1's initial deployment of 30 million to Solana, is it going head-to-head with USDC?> This article was first published in BlockTempo, the most influential blockchain news media.