Trump-backed World Liberty Financial has handed a proposal to check its on-chain airdrop characteristic by sending a ‘small amount’ of USD1 to all eligible WLFI token holders. The proposal handed with a 99.96% approval charge.
On Might 14, an advisory proposal recommending World Liberty Financial to check its airdrop perform by sending WLFI holders a small amount of the venture’s USD-pegged stablecoin has formally been handed. Garnering a whole of 12,000 votes, the proposal gained a 99.96% approval charge from the governance vote.
Though the proposal doesn’t comprise an estimated date for when the airdrop would happen, it does reveal key particulars in regards to the anticipated airdrop.
In accordance to the official web site, all present holders of the WLFI token will obtain a fixed amount of USD1. Nonetheless, the precise amount stays undetermined and shall be calculated primarily based on the quantity of eligible wallets within the ecosystem and the funds accessible for the airdrop allocation.
WLFI token holders will even be subjected to eligibility necessities which the venture will decide as soon as the choice is made last. The venture additionally warned that regardless that the airdrop proposal has been authorised, World Liberty Financial, Inc. can nonetheless select to droop, modify or terminate the check airdrop at any time, in addition to set up further necessities for holders.
The aim of conducting a stay airdrop check is to make sure the venture’s good contract performance, system reliability, and readiness for such an occasion. The airdrop can be a method for the venture to reward its holders with USD1, particularly early adopters who’ve supported the venture from the beginning.
By means of an airdrop occasion, the venture hopes to promote its homegrown USD-pegged stablecoin and increase circulation for USD1 forward of a broader rollout.
What’s USD1?
USD1 is World Liberty Financial Inc.’s stablecoin. It’s backed by U.S. Treasuries, money, and different dollar-based equivalents, whereas BitGo serves as its official custodian. Shortly after its preliminary launch in April 2025, the stablecoin’s buying and selling quantity skyrocketed by greater than 6,700%, reaching as excessive as $140 million.
At press time, USD1’s market cap stands at greater than $2.1 billion. The stablecoin has a circulating provide of 2.1 billion tokens.
On Might 1 at Token2049, World Liberty Financial co-founder Zach Witkoff declared that USD1 has been chosen because the official stablecoin for MGX’s $2 billion funding into Binance. The deal marked the biggest funding ever paid in stablecoins.
On the identical day, Witkoff introduced that USD1 shall be built-in into the Tron (TRX) blockchain. The stablecoin was initially launched on Ethereum (ETH) and Binance Good Chain (BNB).
