World Liberty Financial introduces $USD1 stablecoin on Solana

World Liberty Financial just rolled out the $USD1 stablecoin on Solana, starting with $100M minted. USD1 is already hooked up with top DeFi platforms like Raydium, Kamino Finance, and BONK.fun, which is cool because it adds liquidity and stability to the Solana ecosystem.

This dapp is really cooking right now. Not to mention the company they invested falcon finance also doing pretty well with their usdf reaching billions TVL. This makes me rethink whether WLFI valuation is deserved. I wonder whether in the future dominance of USDT gonna be shaken.

I thought it was lauched on solana blockchain before. The coin is now on ethereum, BNB smart chain, Tron and solana chains. After Trump Official, Melania, USD1 and WLFI, which one will be lauched next that will be linked to Trump? WLFI has been too centralized to the extent that anyone that wants to sell their coins are punished by their coin freezed. This has happened to two people that we know of.

No way the dominance of USDT will get shaken anytime soon, as it stands now USD1 is just a small relatively new stablecoins which has nothing to do with the massive market USDT had managed to secure. Also, you need to keep in mind the imagine of Trump is tightly associated with this stablecoins and the company which mints it, that may turn down many possible holders and clients which have very different political ideas and do not want to provide visibility to a project created by Trump Family. People will continue to stick to USDT and USDC, unless something very dractic happens to those stablecoins.

Truth is majority of people in crypto are bullish about trump's project. There's reason WLFI did 10x the presale and even after people are offloading their bags the buying pressure is still strong. USD1 definitely got the potential to replace USDT at some point. Most CEX will happily integrate it if USD1 offers more benefit. Not to mention it's owned by trump. USDT also got a problem with their transparency in audit. Although it may look ridiculous for now considering USDT dominance, I'm sure in the future things will change.