- USD1 tapped Enso for crosschain support.
- Enso provides blockchain so-called shortcuts.
- The Trump-linked stablecoin is almost at $3 billion market value.
A stablecoin linked to US President Donald Trump is deepening its ties to decentralised finance.
On Monday, Enso, a provider of so-called chain shortcuts that allow crypto projects to deploy across different blockchains easily, announced that USD1 is the latest project to utilise its tech stack.
This will make “DeFi attractive to major players, including institutions, enabling them to tap into deep liquidity and optimal pricing,” Connor Howe, founder of Enso, said in comments shared with DL News.
World Liberty Financial, part of the sprawling crypto empire backed by the Trump family, is the issuer behind USD1. The stablecoin launched in March.
USD1’s growth is part of a broader theme of market expansion for stablecoins in 2025.
The sector has grown to over $308 billion, a more than 50% growth this year, amid favourable regulations in the US. In July, Trump signed the Genius Act into law, which legally recognises stablecoins in the US.
And the market is expected to continue growing.
Analysts at Keyrock, a crypto investment firm, and Bitso, a cryptocurrency exchange, have predicted that stablecoins will account for 12% of global payments by 2030.
Enso’s goal is to make USD1 ubiquitous onchain and distribute its liquidity to protocols across different blockchains, according to the announcement.
Solana, Trump and Aptos
Enso lists over 250 supported protocols on its website that have settled more than $17 billion in onchain transactions.
USD1’s almost $3 billion market value makes USD1 the sixth-largest stablecoin in the world, almost 70% of its liquidity is siloed on BNB Chain, a blockchain linked to crypto exchange giant Binance, whose founder, Changpeng Zhao, was pardoned by the president last week.
Ethereum accounts for another quarter of Trump’s digital dollar liquidity, with the remainder spread across Solana, Tron, and Aptos.
Following the Enso partnership, USD1 will be available on protocols like Dolomite, a margin trading protocol, and users will be able to trade, lend, and transfer the stablecoin across different blockchains, the announcement stated.
Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@dlnews.com.
