WLFI's USD1 Airdrop Secures 99.97% Approval From Token Holders
2min read World Liberty Financial (WLFI), a cryptocurrency project backed by former U.S. President Donald Trump, has secured overwhelming support for its proposed USD1 airdrop. The initiative, which aims to test the reliability of its on-chain system and reward early investors, received 99.97% approval from $WLFI token holders in a Snapshot vote. The voting period, which began on May 6, 2022, is set to conclude on May 14, 2025.
The USD1 stablecoin, backed by U.S. Treasuries and other cash equivalents, is designed to be tied to the dollar and is one of the leading stablecoins in the crypto space. The airdrop is intended to validate the technical functionality of the airdrop system on the Ethereum mainnet, ensuring the platform is ready for larger distributions. This move also serves as a reward for those who have supported the project since its inception.
The proposal garnered 2.6 billion votes within the first eight hours of voting, highlighting the strong trust and support within the wlfi community. The exact timing of the airdrop and the amount of USD1 to be issued to each wallet have not yet been determined. WLFI retains the authority to make changes or cancel the airdrop if necessary, pending clearance.
Since its launch in March 2025, the USD1 stablecoin has gained significant traction. Notably, it was chosen by Abu Dhabi-based MGX to invest $2 billion in Binance, the world’s largest crypto exchange. This investment underscores USD1’s growing role in the global cryptocurrency market, where stablecoins facilitate transactions.
Community engagement has been robust, with $WLFI holders actively participating in the Snapshot vote. WLFI’s X post encouraged its community to engage, emphasizing the importance of the airdrop for the project’s future. This initiative aligns with WLFI’s broader vision to advance decentralized finance (DeFi) by providing financial services without the need for traditional banking intermediaries.
The project’s significance is further highlighted by its partnership with Binance. On April 15, 2025, Binance founder Changpeng Zhao confirmed a meeting with WLFI’s co-founder in Abu Dhabi, indicating an ongoing collaboration. Zhao, who stepped down as CEO in 2023 but remains a major shareholder, expressed excitement about the partnership, noting the shared goals between the two entities.
Since its debut in September 2024, WLFI has raised $550 million through two public sales of $WLFI tokens. The project now aims to compete in the stablecoin market, which already includes major players like Tether and USDC, whose combined market cap exceeds $242 billion. The airdrop test is a strategic move for WLFI to expand the adoption of USD1 and enhance its utility in DeFi. WLFI is also collaborating with BNB Chain platforms like Lista DAO to provide consistent yield farming opportunities for USD1 holders, aligning with the growing trend of stablecoins offering market stability and steady returns to investors.
Despite its growing momentum, WLFI’s connection to the Trump family has raised concerns about potential conflicts of interest. While the Trump family is not directly involved in the project’s operations or ownership, according to WLFI’s whitepaper, the project has faced criticism and scrutiny from lawmakers regarding foreign investments and national security risks.
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