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Cryptocurrency News Articles

title: Trump’s DeFi Project World Liberty Financial Has Proposed Testing Its Onchain Airdrop System

Apr 09, 2025 at 12:05 am

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.

title: Trump’s DeFi Project World Liberty Financial Has Proposed Testing Its Onchain Airdrop System

President Donald Trump-backed cryptocurrency venture World Liberty Financial proposes testing its onchain airdrop system by distributing small amounts of its USD1 stablecoin to holders of its native WLFI token.

President Donald Trump-backed cryptocurrency venture World Liberty Financial proposes testing its onchain airdrop system by distributing small amounts of its USD1 stablecoin to holders of its native WLFI token.

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

USD1, unveiled in March 2025 by World Liberty Financial, is a stablecoin pegged 1:1 to the U.S. dollar. It's envisioned as a building block for decentralized finance (DeFi) and cross-border transactions, with reserves held in U.S. Treasury bonds and cash equivalents.

The proposal aims to validate the airdrop system's functionality while distributing value to WLFI token holders. World Liberty Financial can modify or cancel the initiative at any time. The company also plans to gather community feedback before finalizing details.

USD1 enters a competitive stablecoin market with major players like 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.

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.

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