Trump-backed World Liberty Financial has handed a proposal to check its on-chain airdrop function 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 operate by sending WLFI holders a small amount of the mission’s USD-pegged stablecoin has formally been handed. Garnering a complete of 12,000 votes, the proposal gained a 99.96% approval charge from the governance vote.
Though the proposal doesn’t include 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 can be calculated based mostly on the quantity of eligible wallets within the ecosystem and the finances out there for the airdrop allocation.
WLFI token holders may even be subjected to eligibility necessities which the mission will decide as soon as the choice is made remaining. The mission additionally warned that regardless that the airdrop proposal has been accredited, 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 mission’s good contract performance, system reliability, and readiness for such an occasion. The airdrop can be a approach for the mission to reward its holders with USD1, particularly early adopters who’ve supported the mission from the beginning.
By means of an airdrop occasion, the mission 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 can be built-in into the Tron (TRX) blockchain. The stablecoin was initially launched on Ethereum (ETH) and Binance Sensible Chain (BNB).
