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Trump-Backed Crypto Project WLFI Airdrops $47 Stablecoin to Early Supporters
ByAinvest
Wednesday, Jun 4, 2025 4:54 am ET1min read
World Liberty Financial is sending $47 worth of its stablecoin USD1 to early supporters who joined its presale. The airdrop was first spotted on Ethereum on June 4 and was seen as a nod to Donald Trump potentially becoming the 47th US president. The project leaned into the symbolism, and this drop feels like part reward, part message. USD1, launched in April, has gained momentum quickly, with a circulating supply and market cap of $2.18 billion. Trump-linked crypto activity is heating up fast, with ETF filings and memecoin movements adding to the mix.
World Liberty Financial (WLFI) has executed a high-profile airdrop, distributing $47 worth of its stablecoin USD1 to each WLFI holder. The airdrop, first spotted on Ethereum on June 4, was seen as a nod to Donald Trump potentially becoming the 47th US president. The project leaned into the symbolism, and this drop feels like part reward, part message. USD1, launched in April, has gained momentum quickly, with a circulating supply and market cap of $2.18 billion [2].The airdrop was initiated by community governance and passed with over 99% approval from over 12,000 participants [2]. The event aimed to test the project's technology, reward early adopters, and increase visibility for USD1. The stablecoin is backed by US Treasuries and cash, with custody handled by BitGo. Since its launch, USD1 has seen a significant increase in trading volume, surging past $140 million at one point [2].
The airdrop sent 47 USD1 stablecoins to each WLFI holder, with the distribution confirmed by on-chain data and blockchain explorers. This transparent approach to distribution has bolstered community trust and highlighted the project's commitment to openness. However, the concentration of most of the USD1 supply in just three wallets raises questions about decentralization and potential liquidity risks [3].
Trump-linked crypto activity is heating up fast, with recent filings for a spot Bitcoin ETF and rumors of a "Official Trump Wallet" adding to the mix. The USD1 airdrop is the latest in a series of developments that blur the lines between politics and crypto [2].
References:
[1] https://beincrypto.com/trump-wallet-magic-eden-meme-coin-airdrop/
[2] https://www.cryptotimes.io/2025/06/04/wlfi-airdrops-47-usd1-stablecoin-to-early-supporters/
[3] https://beincrypto.com/world-liberty-financial-airdrops-usd1-stablecoin/
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