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World Liberty Financial Plans USD1 Stablecoin Airdrop for WLFI Token Holders

21d ago
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World Liberty Financial, a crypto and decentralized finance (DeFi) initiative linked to Donald Trump, has proposed a test airdrop of its USD1 stablecoin. The plan, published on Monday, seeks to distribute a limited amount of USD1 to current holders of WLFI tokens.

The airdrop proposal follows the project’s recent fundraising efforts. World Liberty Financial completed a token sale round in March, selling 25% of its total 100 billion WLFI supply. According to data from ICO Drops, the combined fundraising from this round and earlier private sales totaled $590 million.

Airdrop Proposal Awaits Governance Approval

According to the proposal, the airdrop would allow World Liberty Financial to test its distribution mechanism while offering a small incentive to early community members. It would also serve as a promotional effort ahead of the full launch of USD1.

The tentative plan targets all existing WLFI token holders, although final eligibility criteria and distribution amounts remain undecided. These details will depend on the number of qualifying wallets and the final budget for the test.

World Liberty Financial noted that even if the plan is approved, the company retains the right to modify, delay, or cancel the airdrop at any stage. It may also introduce additional eligibility conditions.

The project has invited community feedback on the proposal before confirming the distribution amount and other specifics. As of now, most forum responses appear to support the initiative.

If the community approves the plan through a governance vote, the airdrop will take place on the Ethereum Mainnet, with a public announcement marking the completion of the distribution.

U.S. Pushes for Stablecoin Oversight

Last month, World Liberty Financial officially confirmed its upcoming USD1 stablecoin, claiming that short-term U.S. Treasury securities, U.S. dollar reserves, and similar cash assets would fully back it.

The move aligns with ongoing U.S. efforts to regulate the stablecoin sector more clearly—a push supported by former President Trump. Last week, the House Financial Services Committee advanced the STABLE Act, which aims to strengthen transparency and accountability in stablecoin operations. The Senate Banking Committee also moved forward with its version of the legislation in March.

Amid these regulatory developments, stablecoin issuer Tether recently disclosed that it may introduce a U.S.-based stablecoin focused on institutional use.

The post World Liberty Financial Plans USD1 Stablecoin Airdrop for WLFI Token Holders appeared first on Cointab.

21d ago
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