• WLFI, Raydium, and BONKfun revealed a new collaboration aimed at boosting activity within the Solana ecosystem and enabling broader stablecoin adoption.

Trump family-backed World Liberty Financial (WLFI) just unveiled its new project partnerships under the Solana (SOL) ecosystem. In a post on its official social media account on X, the company launched “Project Wings” in collaboration with Raydium (RAY) and BONKfun.

WLFI Partnership with Raydium and BONKfun

Project Wings integrates USD1, a stablecoin pegged 1:1 with the US dollar, to enable BONKfun deployers to pair their tokens with the stable cryptocurrency asset. By raising their capital using a stablecoin, they could mitigate market volatility exposure and have broader liquidity access through the newly unlocked trading pairs. This is especially helpful at the crucial initial stages of project deployment.

Additionally, it allows users to trade USD1 pairs through BONKfun and Raydium Protocol user interfaces (UIs), or via third-party trading bots supporting these platforms. In other words, they can have more avenues to diversify their portfolio for better risk management. Meanwhile, the backing of a known platform like WLFI for the USD1 offers a certain level of assurance for users or other participants in a project.

The parties also revealed that they will soon be rolling out rewards via BONKfun-integrated platforms. Furthermore, they will extend the perks at the launch of the WLFI app.

WLFI, Raydium, and BONKfun stated that the initiative aims to catalyze more activity within the Solana ecosystem and promote broader stablecoin adoption.

Benefits for the Partners

Beyond its benefits for deployers and traders, the new partnership ushers in a new area of growth for the parties involved.

For WLFI: The partnership extends the reach of WLFI’s stablecoin, USD1, into a major, high-speed ecosystem (Solana). This is crucial for USD1’s growth and validation in the crypto space, especially as it competes with established stablecoins like Circle’s USDC, Tether’s USDT, and Ripple’s growing RLUSD.

For Raydium: By integrating a new, “Trump-backed” stablecoin, Raydium attracts new users and potentially significant liquidity. This partnership could provide a substantial influx of capital and trading volume, reinforcing its position as a leading DEX on Solana.

For BONKfun: This is a major legitimizing event for BONKfun, a platform closely tied to a meme coin. Partnering with a high-profile, institutionally-backed project like WLFI elevates its status and utility beyond merely being a meme coin ecosystem. It brings a new, stable asset to its users and provides a more resilient foundation for new projects launching on its platform.

What’s your Reaction?

+1

0

+1

0

Blockzeit Reactions

+1

0

Blockzeit Reactions

+1

0

Blockzeit Reactions

+1

0

Blockzeit Reactions

+1

0

Blockzeit Reactions

+1

0

Blockzeit Reactions

banner

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Leave a Comment