Trump-Supported World Liberty Financial Suggests USD1 Stablecoin Free token distribution For WLFI Holders
The DeFi protocol supported by the Trump family, World Liberty Financial (WLFI), has put forth a proposal to distribute its native stablecoin, USD1, through an free token distribution aimed at WLFI holders as a trial.
According to the proposal, the goal of this test is to assess the platform’s airdrop infrastructure on-chain for future initiatives while simultaneously rewarding those who adopted it early.
We just shared a new governance proposal:
To evaluate our airdrop mechanism by issuing USD1 to every $WLFI holder — rewarding our initial supporters and setting the stage for future expansion.
Engage in the conversation
— WLFI (@worldlibertyfi) April 7, 2025
World Liberty Financial Describes The USD1 Airdrop As A ‘Minor Allocation’
World Liberty Financial (WLFI), the DeFi initiative supported by Trump and his sons, has submitted a proposal to carry out a limited free token distribution of its USD1 stablecoin to all existing WLFI coin holders in order to evaluate the free token distribution mechanism in a real-world setting.
This test is also intended to introduce the stablecoin to early WLFI backers. As per the proposal released on Monday (April 7), every crypto wallet currently holding WLFI tokens would qualify to receive a set amount of USD1, contingent on criteria yet to be defined by the team.
WLFI intends to allocate a fixed sum of USD1 to each qualifying wallet utilizing its airdrop system. The specific amount will be determined by the total count of eligible wallets and the budget available.
If approved, the airdrop will occur on the Ethereum protocol. Nevertheless, the details regarding the logistics and timing of the USD1 distribution are still pending news.
The project maintains the right to adjust, halt, or cancel the test free token distribution at any point, even if governance grants approval. Additional stipulations and execution particulars are anticipated following community input and an official vote.
According to its co-founder, Zach Witkoff, World Liberty Financial raised more than $550 million through a series of token sales, with $75 million of that amount contributed by Tron founder, Justin Sun.
Wonderful to see @ZachWitkoff, the co-founder of @worldlibertyfi, underline the significance of stablecoins and their mission to incorporate them across all sectors of commerce in the U.S. @trondao will persist in supporting crypto adoption alongside @worldlibertyfi—as we have consistently been doing… pic.twitter.com/d5exEfthWn
— H.E. Justin Sun
USD1 Airdrop Follows WLFI’s Announcement That The Stablecoin Will Be Supported By US Treasuries
Last month, World Liberty Financial unveiled its plans to introduce USD1, a stablecoin geared towards institutional and sovereign investors. It will first launch on both ETH and BNB Chain.
In March, the team conducted tests for USD1 transfers between BNB Chain and ETH, in collaboration with prominent market-maker, Wintermute.
As stated in the official announcement from the WLFI team, the USD1 stablecoin will be entirely backed by US Treasuries, US dollars, and other monetary equivalents, ensuring it retains a stable value of $1 per crypto token.
USD1 is crafted to operate as a secure and transparent digital asset, with its dollar-backed reserves managed by BitGo, a firm that offers institutional clients robust liquidity and trading assistance.
The WLFI team also indicated that its reserve portfolio, utilized to maintain USD1’s peg to the dollar, will undergo regular audits by an independent accounting firm. However, the Decentralized finance protocol has yet to reveal the identity of this firm or the official launch date for USD1.
According to the Arkham Intelligence dashboard for World Liberty Financial, the company currently possesses over $100 million in digital assets, primarily composed of USDC, Wrapped Bitcoin, Ethereum, USDT, and TRX.
(ARKHAM)
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The Trump family-backed World Liberty Financial proposes a ‘minor’ USD1 stablecoin free token distribution to WLFI holders
- If approved, WLFI holders will receive a small amount of USD1 to evaluate airdrop functionality
- The suggested airdrop will occur on the ETH distributed database
- No official date for the USD1 stablecoin launch has been revealed yet
- The WLFI Arkham Intelligence dashboard indicates that the platform holds over $100 million in crypto asset
- WLFI generated $550 million in token sales, with Tron founder Justin Sun contributing $75 million to World Liberty Financial
The post Trump-Backed World Liberty Financial Proposes USD1 Stablecoin Airdrop To WLFI Holders appeared first on 99Bitcoins.
