Trump family’s WLFI to airdrop USD1 stablecoin on Ethereum to token holders

World Liberty Financial (WLFI), a crypto platform backed by the Trump family, is planning to airdrop a small amount of its new US dollar-pegged stablecoin as a reward for early WLFI holders, serving as a test of its airdrop system. In its official X account, WLFI commented , “WLF fam — it’s time. A new Snapshot vote is live to airdrop USD1 to all eligible WLFI holders. Free USD1. The hottest stablecoin in crypto. Don’t miss your chance — vote now.” WLFI airdrop proposal is garnering overwhelming support With more than 99% of votes in favor, the airdrop will distribute a small amount of USD1 stablecoin to eligible WLFI token holders, as outlined in the May 6 proposal on the WLFI governance forum. The proposal states that testing the airdrop mechanism in a live setting is crucial to ensure smart contract functionality and readiness. This distribution also serves as a meaningful way to thank the earliest supporters and introduce them to USD1. The amount of USD1 is yet to be determined but will be based on the total eligible wallets and budget. The date for the airdrop is also pending, and WLFI says it reserves the “right to discontinue, suspend, modify or terminate the test airdrop” at any time. Voting is set to conclude on May 14. So far, support for the measure is overwhelming, with approximately 2.6 billion tokens, representing 99.97%, cast in favor, while just 901,000 tokens, or 0.03%, have been used to vote against it. WLFI also partnered with HTX Global and ListaDAO On May 5, WLFI reported that the USD1 sellable reportedly was launched officially on HTX Global. The company noted token trading would be made available on May 6, and the withdrawals would be permitted as of May 7. Besides working with HTX Global, WLFI also announced that it has teamed up with ListaDAO to merge USD1 into its system. ListaDAO even recently confirmed that the USD1 Vault is already live, and the USD1/lisUSD liquidity pool and USD1 as CDP collateral will launch soon. It even announced that it would have more integrations with WLFI in time. So far, all of WLFI’s collaborations around the USD1 token appear to align with its stated goals of ensuring compliance, promoting transparency, and increasing the token’s visibility. Eric Trump, the US president’s son, and WLFI co-founder Zach Witkoff have consistently emphasized that they aim for USD1 to be the most compliant, transparent, and trustworthy stablecoin. Eric even thinks facilitating the development of transparent stablecoins such as USD1 might be conducive to the internationalization of the US dollar. WLFI snapshot vote for its USD1 airdrop s hows an almost 100% approval rate and will end next week. Similarly, last month, WLFI declared that it would conduct an airdrop of its USD1 stablecoin to qualifying WLFI token holders. The company said the test would increase visibility into USD1 before launching it more widely . Moreover, they argued that testing the airdrop mechanism would ensure smart contract functionality and readiness . WLFI and President Trump are still under scrutiny over their projects WLFI launched USD1 in April after Congress started discussing the STABLE Act. Critics quickly pointed out that President Trump had conflicts of interest, given his ties to WLFI. To worsen the situation, about $390 million was reportedly allocated to DT Marks DEFI LLC, a Trump-affiliated entity, from the $550 million raised during WLFI token sales, arousing more questions. Not to mention, WLFI’s governance token is still non-transferable, raising more concerns over transparency and decentralization. Senator Elizabeth Warren and Rep. Maxine Waters have even asked the SEC to disclose internal documents on WLFI over regulatory favoritism concerns. Their request follows the commission’s move to pause enforcement actions on Justin Sun, a WLFI investor and founder of the Tron blockchain. KEY Difference Wire helps crypto brands break through and dominate headlines fast Source: https://www.cryptopolitan.com/trump-family-wlfi-to-airdrop-usd1-stablecoin/