World Liberty Financial (WLFI) has initiated a governance vote to airdrop its newly launched USD1 stablecoin to early WLFI token holders.

The vote, which opened on May 6, 2025, has garnered strong support from the community with over 99.97% of votes in favor of the proposal.

World Liberty Financial (WLFI) has opened a governance vote to airdrop its newly launched USD1 stablecoin to early WLFI token holders, data from the platform showed today.

The vote, which began on May 6 and will conclude on May 14, has already garnered overwhelming support from the community. Approximately 2.6 billion tokens have been used to vote yes, representing 99.97% of all votes cast. Only about 901,000 votes, or 0.03%, have been cast against the measure.

The primary purpose of the airdrop is to test the technical functionality of the platform’s airdrop mechanism in a live environment. WLFI described the distribution as “a meaningful way to thank our earliest supporters and introduce them to USD1.”

The platform stated that the distribution amount will be based on the total number of eligible wallets and the allocated budget for the initiative.

Stablecoin Background and Development

USD1 was quietly deployed on the BNB Chain in early March. The presence of the stablecoin was first detected by blockchain analytics firm LookOnChain, which traced the contract to a wallet associated with crypto market maker Wintermute, indicating preliminary test transactions.

On March 25, WLFI formally announced the launch of USD1. The company stated that the stablecoin would first become available on Ethereum (ETH) and Binance Smart Chain (BNB), with plans to expand to other blockchain networks in the future.

WLF fam — it’s time.A new Snapshot vote is live to airdrop USD1 to all eligible $WLFI holders.

The hottest stablecoin in crypto 🦅 Don't miss your chance — vote now:https://t.co/Cv99dBiPh1

— WLFI (@worldlibertyfi) May 6, 2025

Unlike algorithmic and undercollateralized stablecoins, WLFI presents USD1 as a fully backed, institution-ready digital asset. The stablecoin is backed by reserves consisting of short-term U.S. Treasuries, cash, and equivalent high-quality assets.

Digital asset custodian BitGo has been appointed to oversee the reserves backing USD1, adding an extra layer of trust and security to the stablecoin. This approach aligns with the growing demand for transparent and fully backed stablecoins in the market.

The launch of the stablecoin marks a significant milestone for WLFI as it expands its offerings in the rapidly evolving digital asset ecosystem.

As the vote for the USD1 airdrop wraps up, the results will determine whether early WLFI token holders will receive a portion of the new stablecoin. The integration of this new technology and the community response to the airdrop initiative will be closely followed as WLFI continues to develop its products and expand its presence in the cryptocurrency domain.

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