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Trump-backed World Liberty Financial has successfully passed a proposal to test its on-chain airdrop feature by distributing a small amount of USD1, its USD-pegged stablecoin, to all eligible WLFI token holders. The proposal received overwhelming support, with a 99.96% approval rate.

Proposal Details and Approval

On May 14, World Liberty Financial announced the approval of an advisory proposal to initiate a live test of its airdrop functionality. This test involves sending WLFI holders a small portion of USD1, the project’s stablecoin. The proposal garnered a total of 12,000 votes, securing near-unanimous backing from the governance community.

While the proposal does not specify an exact date for the airdrop, it outlines key details about the event. According to official statements, all current WLFI token holders will receive a fixed amount of USD1. However, the final amount will depend on the number of eligible wallets in the ecosystem and the budget allocated for the airdrop.

Eligibility and Potential Changes

WLFI token holders must meet specific eligibility requirements, which will be determined by the project at a later stage. Additionally, World Liberty Financial reserves the right to suspend, modify, or terminate the test airdrop at any time. The organization may also introduce additional requirements for holders to qualify for the distribution.

Purpose of the Airdrop Test

The primary objective of this live airdrop test is to evaluate the functionality and reliability of the project’s smart contracts and overall system readiness. Beyond technical testing, the initiative aims to reward WLFI token holders, particularly early adopters, while promoting the use of USD1 within the ecosystem.

By conducting the airdrop, World Liberty Financial seeks to increase the circulation of USD1 ahead of a broader rollout, further strengthening its position in the stablecoin market.

What Is USD1?

USD1 is the official stablecoin of World Liberty Financial Inc., backed by U.S. Treasuries, cash, and other dollar-based equivalents. BitGo serves as the custodian for the stablecoin, ensuring secure asset management. Since its launch in April 2025, USD1 has experienced rapid growth, with its trading volume surging by over 6,700% to reach $140 million shortly after its debut.

As of now, USD1 boasts a market cap exceeding $2.1 billion, with a circulating supply of 2.1 billion tokens. The stablecoin has gained significant traction in the cryptocurrency ecosystem, making it a key player in the market.

Recent Developments and Integrations

On May 1, during the Token2049 event, World Liberty Financial co-founder Zach Witkoff announced a groundbreaking development for USD1. The stablecoin was selected as the official currency for MGX’s $2 billion investment into a prominent cryptocurrency platform. This transaction represents the largest investment ever conducted using stablecoins.

Additionally, USD1 is expanding its blockchain integrations. Initially launched on Ethereum and Binance Smart Chain, the stablecoin will now be integrated into the Tron network. This move is expected to enhance USD1’s accessibility and utility across multiple blockchain ecosystems.

The airdrop and recent advancements solidify World Liberty Financial’s commitment to innovation and the broader adoption of USD1 in the cryptocurrency and finance sectors.

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