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WLFI holders may receive USD1 stablecoin after $550 million raise

WLFI holders may receive USD1 stablecoin after $550 million raise

GrafaGrafa2025/05/07 14:10
By:Mahathir Bayena

World Liberty Financial (CRYPTO:WLFI) has proposed a test airdrop of its new USD1 (CRYPTO:USD1) stablecoin to reward early WLFI token holders and validate its airdrop system.

The proposal, currently under community vote, has received overwhelming support, with 99.97% of votes in favor ahead of the May 14 deadline.

According to the governance forum, the airdrop will distribute a small, fixed amount of USD1 to eligible wallets, though the exact amount and date are still being determined based on the number of holders and available budget.

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

The USD1 stablecoin, launched in March 2025, is pegged to the US dollar and backed by US Treasuries, dollar deposits, and cash equivalents, with reserves managed by BitGo.

WLFI commits to regular third-party audits to ensure full collateralisation and transparency.

The airdrop is planned for the Ethereum (CRYPTO:ETH) network, and WLFI reserves the right to modify or cancel the test at any time.

Since its launch in September 2024, WLFI has completed two public token sales, raising $550 million from 85,000 holders.

The airdrop aims to increase visibility for USD1 ahead of a broader rollout and to test the technical functionality of the distribution system.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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