World Liberty Financial proposes USD1 stablecoin airdrop for WLFI holders

Donald Trump-backed crypto and DeFi project World Liberty Financial published a new proposal Monday, suggesting a test airdrop distributing a small number of USD1, its dollar-pegged stablecoin, to WLFI token holders.The test airdrop would help World Liberty to examine its airdrop functionality while rewarding early supporters at the same time, the proposal said. It would also serve the purpose of promoting the USD1 stablecoin before its broader market debut. The proposed airdrop tentatively targets all current holders of WLFI tokens, with airdrop eligibility requirements to be potentially determined later. The amount of USD1 stablecoins distributed to each recipient would also be determined after the total number of eligible wallets and budget is finalized.In mid-March, World Liberty Financial announced the completion of its latest round of WLFI token sales, selling 25% of its 100 billion supply. The project, including private rounds, raised $590 million, according to data from ICO Drops. "Even if approved, World Liberty Financial, Inc. reserves the right to discontinue, suspend, modify or terminate the test airdrop at any time as well as to establish any additional eligibility requirements," World Liberty said in the proposal.The project requested discussion and feedback on the proposal from the community, after which it said it would finalize the airdrop amount and other details. As of publication time, most forum members that commented under the proposal expressed their approval. A governance vote will determine whether the proposal moves forward. If approved, World Liberty Financial plans to execute the airdrop on the Ethereum Mainnet and conclude with a public announcement of the distribution. Stablecoin pushLast month, World Liberty Financial confirmed its plan to launch the USD1 stablecoin, which is said to be backed entirely by short-term U.S. government treasury, U.S. dollar deposits, and other cash equivalents.World Liberty's stablecoin arrives at a time when the U.S. is focused on establishing a clear regulatory framework for stablecoins, an effort endorsed by President Trump. Last week, the House Financial Services Committee voted to advance the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) bill. The Senate Banking Committee also voted to advance their version of a stablecoin bill in March.With favorable momentum behind U.S.-native stablecoins, USDT issuer Tether said it is considering launching a new U.S.-based stablecoin aimed at institutional investors.Meanwhile, World Liberty Financial's official website lists President Donald Trump as the "chief crypto advocate" and his sons, Eric Trump, Donald Trump Jr., and Barron Trump, as members. The project's whitepaper, however, states that the Trump family members are not involved in running or owning the WLFI project.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.