Trump-Backed WLFI Secures Strong Backing for USD1 Airdrop Test
By: live bitcoin news|2025/05/08 11:15:01
0
Share
WLFI’s USD1 airdrop vote secures 99.97% approval from $WLFI holders. USD1 stablecoin backed by U.S. Treasuries gains market traction. WLFI raised $550M from $WLFI token sales in September 2024.The USD1 stable coin proposed by World Liberty Financial (WLFI), a cryptocurrency project backed by U.S. President Donald Trump, has received overwhelming approval for a proposed airdrop. In a Snapshot vote, it was declared that qualified holders of $WLFI tokens would get the stablecoin. A stablecoin that is “one of the leading stablecoins in the crypto space” is offering USD1 holders the chance to get a free USD1 when the vote goes live on May 6, 2022, according to WLFI’s X post.Already, the proposal has received nearly full support, with over 99 percent voting for it on May 7, 2025. This strong backing shows that the community believes in WLFI’s plans for testing its airdrop mechanism and rewarding early investors. The voting period will end on May 14, 2025.According to WLFI, its airdrop is about ensuring the reliability of its on-chain system. One way the initiative will show its gratitude to backers is via USD1, a stablecoin backed by U.S. Treasuries and other cash equivalents and tied to the dollar.To Test the System and Reward Holders AirdropThis will validate the technical functionality of the airdrop system on the Ethereum mainnet and ensure that the platform is ready for bigger distributions. Furthermore, it also rewards those who have bought $WLFI tokens since the start of the project.The proposal was approved by 2.6 billion votes (99.97%) within the first eight hours of voting. It says a lot about the trust that WLFI’s vision inspires. It has not yet been decided when the airdrop will occur or how many USD1 will be issued to each wallet. After clearance is provided, WLFI still has the power to make changes or cancel the airdrop if necessary.The stablecoin, WLFI’s USD1, launched in March 2025, has already gained traction. The stablecoin was picked by Abu Dhabi based MGX to invest $2 billion in Binance, the world’s largest crypto exchange, according to Reuters. This move further emphasises USD1’s expanding role in the global cryptocurrency market, where stablecoins facilitate transactions.Community Engagement and Broader Implications$WLFI holders have become active in the Snapshot vote. A WLFI X post was made to encourage its community to participate, saying that this airdrop was going to be important for the project’s future. This initiative is in line with WLFI’s overarching vision to push the boundaries of decentralized finance (DeFi) through the provision of financial services without the involvement of banks as an intermediary.Because of Binance’s involvement, the project is clearly one of the most important. On April 15, 2025, Binance founder Changpeng Zhao posted on X to confirm a meeting with WLFI co founder in Abu Dhabi, which indicates the partnership is still ongoing. Binance is one of the companies Zhao is a major shareholder of despite stepping down as CEO in 2023, and he expressed excitement about the partnership, saying the two entities share similar goals.Since its September 2024 debut, WLFI has generated $550 million by two public sales of $WLFI tokens. Now, the project has USD1, a stablecoin that aims to compete in a market that already has players like Tether and USDC, whose market cap exceeds $242 billion.Airdrop test is a strategic step for WLFI to expand the adoption of USD1. WLFI is also working with BNB Chain platforms such Lista DAO to provide consistent yield farming prospects for USD1 holders, hence enhancing its usefulness in DeFi.The move is in line with a growing stablecoins trend which offers crypto market stability with steady returns to investors.While WLFI is picking up steam, its connection to the Trump family has raised questions about potential conflicts of interest. But while the Trump family isn’t directly involved in the project’s operations or ownership, according to WLFI’s whitepaper, the project has attracted criticism, and lawmakers are concerned about foreign investments and national security risks.The post Trump-Backed WLFI Secures Strong Backing for USD1 Airdrop Test appeared first on Live Bitcoin News.
You may also like

The most important thing in Web3 primary market investment
There is no perfect model, only builders who are respectful and responsible towards the market.

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...

Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.

The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy
Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector

What will the early Hyperliquid prediction market look like?
Unleash the Imagination Space of On-chain Finance

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware
Delphi Labs founder's two-week deep dive into China's AI ecosystem: More bullish on hardware than expected, more bearish on software than expected, and observations on Chinese founders that flipped his prior beliefs.

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle
CEA Industries' mNAV drops to 0.68, YZi Labs personally steps in to clean up the mess

A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."
The belief that "Day Trading Shitcoins is the Only Way to Make Money" has become their go-to strategy.

Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?
What did Andrew Ng say? Did he say anything? Is Distributed AI Training Feasible?

The economy is entering a new cycle, how can the average person prepare?
The key is not how much you earn, but whether you have cash flow, low leverage, and the ability to earn consistently

Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway
Sigma.Money's innovation is now translating into tangible market momentum.

Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?
Monad Ecosystem AI Deployment, More Than Just a Hackathon.

How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.

Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?
Why is it said that TradFi is not a short-term narrative?

a16z Crypto Operating Partner: Wall Street is undergoing its biggest infrastructure upgrade in 30 years
What is currently happening is the largest infrastructure upgrade in the capital market since the rise of electronic trading thirty years ago.
The most important thing in Web3 primary market investment
There is no perfect model, only builders who are respectful and responsible towards the market.
The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...
Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.
The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold
ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.
Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.
