Trump-backed World Liberty Financial Proposes USD1 Airdrop to Early Supporters
World Liberty Financial (WLFI), a decentralized finance project backed by Donald Trump, has proposed a USD1 airdrop to its early supporters as part of a test for its airdrop system. This initiative aims to reward early adopters and enhance awareness of its newly launched stablecoin, USD1. The proposal, which has garnered majority support, aims to validate the technical functionality of WLFI’s airdrop mechanism in a live environment. While details about the airdrop's amount and timing are being finalized, the airdrop will be conducted on the Ethereum Mainnet. WLFI has raised $550 million through previous token sales, which has led to concerns over potential regulatory issues given Trump's financial ties to the project. The stablecoin USD1 is collateralized by U.S. Treasuries and overseen by BitGo, though the governance token remains non-transferable, raising transparency concerns. Amid political debates regarding the implications of Trump's involvement in cryptocurrency regulation, WLFI seeks to stabilize its position and expand its user base.
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