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Jun 4, 09:00 AM
Trump-Backed WLFI Airdrops $47 USD1 to 85,000 Wallets, Launches $1M Liquidity Campaign for Token Holders
DeFi
Airdrops
Crypto

Trump-Backed WLFI Airdrops $47 USD1 to 85,000 Wallets, Launches $1M Liquidity Campaign for Token Holders

Authors
  • BNB Chain
  • Cointelegraph
  • BSCN
20

World Liberty Financial (WLFI), a decentralized finance platform backed by the Trump family, completed a major airdrop of its USD1 stablecoin on June 4. The platform distributed $47 worth of USD1 tokens to each of over 85,000 Ethereum wallets holding its governance token, WLFI, totaling just over $4 million. The airdrop excluded users in New York and certain other jurisdictions for legal reasons. The $47 amount was selected to symbolize Donald Trump as the 47th U.S. President. All WLFI token holders were eligible, based on a proposal passed last month, and no claims or links were required to receive the tokens. The airdrop was designed to reward early WLFI supporters, test the platform's smart contract functionality, and increase liquidity for USD1. WLFI has indicated the possibility of making its governance token tradable in the near future, though it is not yet available for trading. USD1, launched in April 2025, is a US dollar-pegged stablecoin backed by reserves such as Treasuries and cash equivalents. It has achieved a market capitalization exceeding $2 billion, ranking as the sixth-largest stablecoin globally. About 98.4% of its $2.17 billion supply is on BNB Chain, making it the second-largest stablecoin on that network after Tether. USD1 trading volumes reached $10.7 billion between May 22 and June 1, with PancakeSwap pairs averaging $14 million in daily volume and Binance pairs averaging $8 million. WLFI, in partnership with BNB Chain, PancakeSwap, BUILDon, Four.meme, Aster, and ListaDao, has launched a four-week, $1 million liquidity campaign to further boost USD1 adoption and trading activity. The campaign includes up to $400,000 in token purchases per winner, $200,000 in USD1 rewards, $20,000 in weekly CAKE emissions, and Aster Perp DEX listings for top projects. The majority of USD1 activity is concentrated on BNB Chain and PancakeSwap. USD1 has faced criticism over centralization, with three wallets controlling most of the circulating supply, and has attracted political scrutiny, including from Senator Elizabeth Warren regarding its alleged ties to the United Arab Emirates. The airdrop and ongoing campaigns are part of WLFI's efforts to promote USD1 within the DeFi ecosystem and prepare for the rollout of its full suite of decentralized finance services.

Written with ChatGPT (GPT-4).

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