World Liberty Financial Launches USD1 Airdrop Test for Early Holders

World Liberty Financial (WLFI), a cryptocurrency platform supported by the Trump family, has proposed a test airdrop of a small amount of its new USD-pegged stablecoin to reward early WLFI holders. The purpose of this test is to evaluate the functionality of the airdrop mechanism in a live environment. According to the proposal discussed on May 6, eligible WLFI token holders will receive a small USD1 airdrop, with the exact amount to be finalized based on the total number of qualifying wallets and the available budget. The voting on this proposal is ongoing and will conclude on May 14. Currently, an overwhelming majority, representing 99.97% of votes, supports the airdrop, with only 0.03% against. To date, WLFI has been active since launching its stablecoin in early March and has successfully conducted two public token sales, raising a total of $550 million from 85,000 registered holders.

The stablecoin market, particularly US dollar-denominated stablecoins, has grown significantly, surpassing $230 billion in market capitalization as of April, with Tether and USDC dominating the market. Meanwhile, various countries are exploring or developing their own stablecoins backed by currencies other than the US dollar, such as Abu Dhabi’s new dirham-pegged stablecoin and Russia’s plans for a national stablecoin following sanctions-related restrictions.