World Liberty Financial, backed by the Trump family, is announcing plans to conduct airdrop of its new USD-pegged stablecoin USD1 for early WLFI token holders.
Proposed Airdrop of USD1
World Liberty Financial (WLFI) proposed to airdrop a small amount of new USD1 stablecoin to reward early WLFI token holders as part of testing the airdrop mechanism. According to a proposal from May 6, over 99% of votes already support this initiative.
Voting Process and Results
The voting on the proposal is set to close on May 14, and currently, over 2.6 billion tokens, or 99.97%, have voted in favor. Opposing votes make up about 901,000 votes, or 0.03% of the total votes cast. WLFI reserves the right to change or discontinue the airdrop at any time.
Competition Among Stablecoins
In April, the market cap of USD-denominated stablecoins surpassed $230 billion. However, other countries have announced plans to launch stablecoins backed by other currencies. For instance, in late April, several major Abu Dhabi institutions announced a joint initiative to launch a dirham-pegged stablecoin.
World Liberty Financial continues to develop its initiatives in the stablecoin sector, and the upcoming USD1 airdrop could serve as an important test for the platform.
