World Liberty Financial (\$WLFI), a project linked to former U.S. President Donald Trump, has launched a new USD-backed stablecoin on Solana, minting 100 million tokens to power faster, cheaper transactions in decentralized finance.

The coin is fully backed by reserves and will work with platforms like Raydium to ensure plenty of trading liquidity. Its debut gives Solana’s \$11.9 billion stablecoin market another boost and has stirred up buzz in the crypto world but its ties to Trump could also draw extra attention from regulators.