World Liberty Financial Proposes USD1 Stablecoin Airdrop for WLFI Holders

World Liberty Financial of U.S. President Donald Trump has proposed a test airdrop of its new stablecoin USD1. The proposed airdrop aims to test its token distribution system while also rewarding early supporters.

According to the proposal, the test will airdrop a small amount of USD1 stablecoins to WLFI holders. The final number of recipients and the exact amount each will receive have not been decided yet and will depend on the number of eligible wallets and the project’s budget.

USD1 is a stablecoin designed to maintain a 1:1 value with the U.S. dollar. World Liberty Financial has confirmed that the token will be fully backed by short-term U.S. government treasury bills, dollar deposits, and other cash-like assets. 

USD1 Airdrop Details Still Under Review

While the test airdrop targets all current WLFI holders, the exact rules for who qualifies are not yet final. The team behind World Liberty Financial stated that they can update the requirements later. They also said that the company reserves the right to change, delay, or cancel the airdrop at any time, even after it is approved.

If approved, the airdrop will happen on the Ethereum network. After completion, the project will make a public announcement to confirm the distribution of the tokens.

World Liberty Financial’s website lists Donald Trump as its “chief crypto advocate.” The site also names his sons Eric Trump, Donald Trump Jr., and Barron Trump as members of the project. However, the project’s whitepaper clearly states that the Trump family does not operate or own any part of the platform.

The USD1 airdrop announcement comes at a time when stablecoins are under increased focus in the United States. Lawmakers are working to set clear rules for their use. Last week, the House Financial Services Committee voted to advance a bill called the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE Act). This was aimed at increasing oversight of stablecoin projects. A similar version of the bill also moved forward in the Senate in March.

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Competition Heats Up Among U.S.-Backed Stablecoins

Meanwhile, other projects are responding to this momentum. Tether, the company behind stablecoin USDT, recently said it is considering launching a new U.S.-regulated version of its token for institutional investors.

World Liberty Financial has opened the proposal for community feedback. Once the discussion period ends, the team will finalize the airdrop amount and requirements and present it for a governance vote.

If the vote passes, the team will proceed with the distribution of USD1 on Ethereum and provide a public update once the process is complete.