![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
World Liberty Financial (WLFI) to Airdrop Its New USD1 Stablecoin to Early Token Holders
May 08, 2025 at 04:35 am
World Liberty Financial (WLFI), a crypto platform backed by members of the Trump family, is preparing to airdrop a small amount of its new stablecoin, USD1, to early WLFI token holders.
World Liberty Financial (WLFI), a crypto platform backed by members of the Trump family, is preparing to airdrop a small amount of its new stablecoin, USD1, to early WLFI token holders.
A proposal for the airdrop, shared on WLFI’s governance forum on May 6, is currently seeing strong community support. More than 99.97% of votes—roughly 2.6 billion tokens—favor the airdrop. Only 0.03%, or 901,000 tokens, oppose it. The voting period will end on May 14.
According to the proposal, testing the airdrop function in a live setting is essential to ensure smart contract readiness. The team also said the airdrop will introduce early adopters to USD1, which was launched in April.
While the exact amount of USD1 to be distributed has not yet been decided, WLFI said it will depend on the number of eligible wallets and the total budget. The date of the airdrop is also yet to be confirmed.
The news comes as WLFI announced it is expanding partnerships with HTX Global and ListaDAO to integrate USD1 further.
On May 5, HTX Global, a cryptocurrency exchange, announced that USD1 trading will go live on May 6 with withdrawal opening on May 7.
Meanwhile, ListaDAO confirmed that the USD1 Vault is now operational and the two teams will launch a USD1/lisUSD liquidity pool. USD1 will also be accepted as collateral in collateralized debt positions (CDPs). More integrations are planned, the two teams said.
These partnerships aim to increase the token’s adoption while maintaining transparency and compliance, according to WLFI.
Earlier this week, Eric Trump, son of former president Donald Trump, highlighted the ambition to make USD1 the most compliant and transparent stablecoin in the market.
During a conversation with members of the Liberty Movement, Eric Trump said that the administration is keeping an eye on crypto activity and that it may be a factor in the global use of the U.S. dollar.
The platform launched its USD1 stablecoin just weeks after the U.S. Congress introduced the STABLE Act, which would tighten regulations on stablecoins.
Critics have also pointed out that Donald Trump’s ties to the platform and its actions might create a conflict of interest.
Out of the $550 million WLFI raised from two public token sales, around $390 million went to DT Marks DEFI LLC—a Trump-affiliated firm, according to a report by The Block. This has raised additional questions about financial transparency.
Furthermore, the platform’s governance token remains non-transferable, which some say lessens decentralization.
U.S. lawmakers, including Senator Elizabeth Warren and Representative Maxine Waters, have also requested that the Securities and Exchange Commission (SEC) release internal documents on World Liberty Financial, highlighting potential regulatory favoritism.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.