en
Back to the list

World Liberty Financial Proposes Test Airdrop of USD1 Stablecoin

source-logo  news.bitcoin.com 08 April 2025 09:05, UTC
image

World Liberty Financial has proposed testing its onchain airdrop system by distributing small amounts of its USD1 stablecoin to holders of its native WLFI token.

Trump’s DeFi Project Eyes Airdrop to Validate Stablecoin Infrastructure

The proposal, outlined in a recent advisory document, recommends sending a fixed amount of USD1 to all eligible WLFI token holders as a technical test and gesture of appreciation. The airdrop would occur on the Ethereum mainnet, with the exact amount per wallet to be determined based on budget and participation.

USD1 is a stablecoin revealed in March 2025 by World Liberty Financial, a cryptocurrency venture backed by President Donald Trump. Pegged 1:1 to the U.S. dollar, USD1 is marketed as a tool for decentralized finance (DeFi) and cross-border transactions, with reserves held in U.S. Treasury bonds and cash equivalents.

The test aims to validate the airdrop system’s functionality while rewarding early WLFI supporters. World Liberty Financial emphasized that the initiative could be modified or canceled at any time. The company also plans to gather community feedback before finalizing details.

USD1 enters a competitive stablecoin market dominated by Tether ( USDT) and Circle’s USDC. Its reserves are custodied by Bitgo and audited regularly, though the firm has yet to disclose its accounting partner.

The proposal’s next steps include a governance vote and public announcement. If approved, the airdrop would mark USD1’s first broad distribution ahead of its full market rollout. World Liberty Financial’s move reflects broader industry efforts to integrate stablecoins into crypto ecosystems, combining DeFi innovation with traditional financial safeguards.

news.bitcoin.com