Trump-backed World Liberty Financial proposes stablecoin airdrop to WLFI holders to test system functionality

Key Takeaways

• World Liberty Financial plans to distribute USD1 tokens via an airdrop to WLFI holders as a trial.
• The test aims to verify the company's onchain airdrop infrastructure and reward early adopters.

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World Liberty Financial (WLFI), the DeFi project backed by Trump and his sons, has issued a proposal to conduct a small-scale airdrop of its USD1 stablecoin to all current holders of WLFI tokens to test the airdrop system in a live environment.

The test is also aimed at introducing the stablecoin to early WLFI supporters. According to the proposal published on Monday, all wallets currently holding WLFI tokens would be eligible to receive a fixed amount of USD1, subject to requirements that will be determined by the firm.

WLFI plans to distribute a fixed amount of USD1 to each eligible wallet using its airdrop system. The exact amount would be finalized based on the total number of eligible wallets and available budget.

The airdrop is expected to take place on Ethereum. The timing of the distribution has not yet been finalized.

The project states it has reserved the right to modify, suspend, or cancel the test airdrop at any time, even if the proposal is approved by governance. Further conditions and execution details are expected to follow pending community feedback and a formal vote.

Last month, WLFI disclosed plans to launch USD1, a stablecoin for institutional and sovereign investors, initially available on Ethereum and BNB Chain.

The team has also tested USD1 stablecoin transfers between BNB Chain and Ethereum, with the participation of Wintermute.

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