Highlights
Barely two months after teasing an airdrop for WLFI holders, the World Liberty Financial has distributed $4 million USD1 to token holders. On-chain data confirms that eligible WLFI token holders received $47 USD1 each from the airdrop.
Donald Trump-affiliated cryptocurrency project World Liberty Financial has confirmed a massive airdrop of its USD1 stablecoin to eligible WLFI token holders. According to an X post, World Liberty Financial disclosed that it distributed $4 million in USD1 between WLFI holders.
On-chain data reveals that each WLFI token holder received $47 USD1, suggesting that 85,106 wallets participated in the airdrop. World Liberty Financial revealed that the process for distribution was a seamless affair without “drama” or “claims.
The airdrop leaned on the Ethereum blockchain, with the Ethereum price turning bullish amid rising institutional interest. However, the airdrop excluded WLFI token holders in New York and certain jurisdictions.
Back in April, World Liberty Financial proposed a stablecoin airdrop for WLFI holders to trigger interest in the newly created USD1 stablecoin. In May, WLFI holders voted in favor of the airdrop proposal, with the Trump-backed project proceeding to distribution in early June.
WLFI’s USD1 is having an impressive run after a slow start to life, underscored by listing delays. However, Binance has listed USD1 as a raft of entities indicate an interest in the growing dollar-backed stablecoin.
The success of the airdrop is sparking optimism that World Liberty Financial will soon make WLFI tokens tradable. A look at the airdrop announcement indicates that the Trump-backed crypto project is leaning in the same direction.
“That went smooth,” read the X announcement. “Should we listen to the community and make WLFI tradable?”
Currently, WLFI tokens are neither tradable nor transferable, with their utility limited to only governance purposes. WLFI cannot be purchased or sold on exchanges, but World Liberty Financial is flashing signals to make tokens tradable.
To make WLFI tradable, the decision will undergo a governance vote, but the odds for approvals have reached sky-high levels. However, sticking to the original whitepaper could see 2026 bel the earliest possible date for WLFI to be tradable.
Presently, WLFI’s holdings have surpassed $100M on the heels of a deal with Pakistan but critics in the US are poking holes into the company’s operations.
Cyber Hornet has filed with the U.S. Securities and Exchange Commission (SEC) to launch a…
Tether Holdings is preparing for one of its biggest funding rounds, with two global investors…
Kraken raised $500 million, increasing its valuation to $15 billion, setting the stage for a…
Crypto exchange Bybit has announced its listing of Ripple's RLUSD amid the stablecoin's growing adoption.…
The world's largest interbank messaging network SWIFT has selected Ethereum layer 2 platform Linea to…
The August U.S. PCE inflation data has dropped in line with expectations, although it suggests…