World Liberty Financial Proposes USD1 Stablecoin Airdrop to Early WLFI Holders

World Liberty Financial (WLFI), the Trump-affiliated crypto platform, is preparing to airdrop a small amount of its newly launched USD1 stablecoin to early WLFI token holders, pending community approval. With nearly unanimous support in the platform's governance vote, the test airdrop appears all but certain to move forward.

The proposal, published in the WLFI governance forum on May 6, outlines the distribution of USD1—WLFI’s US dollar-pegged stablecoin—as a reward for early supporters while simultaneously testing the project’s smart contract infrastructure in a live environment.

“Testing the airdrop mechanism in a live setting is a necessary step to ensure smart contract functionality and readiness,” the proposal reads. “This distribution also serves as a meaningful way to thank our earliest supporters and introduce them to USD1.”

Source: World Liberty Financial

The exact amount of USD1 to be distributed has not yet been finalized and will depend on both the total number of eligible wallets and the project’s available budget. A date for the airdrop has also not been set, and WLFI notes that it may “discontinue, suspend, modify or terminate” the airdrop at any time.

Overwhelming Support from WLFI Community

The vote is scheduled to conclude on May 14, but the outcome is already virtually assured. At the time of writing, 2.6 billion tokens—or 99.97% of the vote—are in favor of the proposal. Only 901,000 tokens (0.03%) have been cast against it.

WLFI launched its USD1 stablecoin in early March. Since its debut in September, the platform has raised a total of $550 million across two public token sales, backed by a user base of 85,000 registered holders.

The airdrop vote will close on May 14, and so far, those in favor are way ahead in the poll. Source: World Liberty Financial

Stablecoin Competition Beyond the Dollar

The USD1 airdrop comes amid renewed global interest in non-dollar stablecoins. A Citigroup report from April noted that USD-backed stablecoins now exceed $230 billion in market cap, a 54% year-over-year increase, with Tether (USDT) and USDC controlling roughly 90% of that market.

However, several countries are pushing alternatives. On April 28, key institutions in Abu Dhabi, including the sovereign wealth fund, announced plans for a dirham-pegged stablecoin. Separately, a Russian finance official proposed a ruble-backed stablecoin after U.S. sanctions froze wallets linked to the Russian exchange Garantex and Tether.

With WLFI’s test airdrop gaining overwhelming support, the platform appears poised to take its next step in building a native stablecoin ecosystem that could compete in the expanding global stablecoin race.