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Trump-Backed World Liberty Financial Launches Major USD1 Airdrop - Unchained
World Liberty Financial, a crypto platform backed by U.S. President Donald Trump and run by members of his family, carried out a massive airdrop tied to its stablecoin, USD1, on Wednesday.
Around 85,000 wallets that participated in the sale of the organization’s governance token, WLFI, and which passed a know-your-customer process received the airdrop
Each wallet was credited with $47 of USD1 stablecoins, a figure chosen to reference Trump’s position as the 47th President of the United States. The total value of the airdrop was an estimated $4 million.
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The airdrop comes after being proposed and overwhelmingly approved by the WLFI community, with 99.96% of 12,000 voters in favour.
USD1 is World Liberty Financial’s flagship stablecoin, backed by U.S. Treasuries, cash, and equivalent assets, and custodied by regulated trust company BitGo
It is currently the seventh-biggest stablecoin by market cap, despite having been launched only in April.