World Liberty Financial (WLFI) is proposing an airdrop of its new US dollar-pegged stablecoin, USD1, to reward early WLFI token holders as part of testing its airdrop mechanism. Currently, over 99% of votes favor the proposal, which aims to distribute a small amount to residents who hold the token. The vote will close on May 14, and if approved, the distribution will serve to validate the system's functionality and thank WLFI's earliest supporters. The exact amount eligible holders will receive is still under discussion, along with the date of the airdrop. The firm has attracted significant interest with its launch, amassing $550 million and 85,000 registered holders since September. Meanwhile, the market for US dollar stablecoins has grown, crossing $230 billion in total market cap, highlighting a competitive environment as other countries explore their own stablecoin alternatives.

Source đź”—