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World Liberty Financial (WLFI) launches a governance proposal to test its airdrop system, distributing USD1 stablecoin to token holders.
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The initiative aims to validate infrastructure, reward early supporters, and increase USD1’s visibility ahead of its full launch.
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WLFI’s proposal comes amid scrutiny over the Trump family’s potential influence on the cryptocurrency project, with lawmakers raising concerns about conflicts of interest.
World Liberty Financial proposes a USD1 stablecoin airdrop to test its system and reward early supporters, while facing scrutiny over potential conflicts of interest.
World Liberty Financial Eyes USD1 Stablecoin Airdrop
WLFI’s initiative serves three primary goals. First, it seeks to validate the project’s technical infrastructure. Secondly, it serves as a reward mechanism for early supporters, and lastly, it aims to increase USD1’s visibility ahead of a broader rollout.
“Testing the airdrop mechanism in a live setting is a necessary step to ensure smart contract functionality and readiness. This distribution also serves as a meaningful way to thank our earliest supporters and introduce them to USD1,” the proposal read.
The airdrop will distribute a fixed amount of USD1—a stablecoin pegged to the US dollar and backed by assets like US Treasuries—to all eligible WLFI holders on the Ethereum (ETH) mainnet.
The exact amount per wallet will be determined based on the total number of eligible wallets and WLFI’s budget. In addition, the company reserves the right to modify or terminate the test at its discretion.
Interestingly, comments in the proposal reflect strong community support. The general consensus is likely in favor of a USD1 stablecoin airdrop.
“I believe it is a very valid proposal, which serves both to keep the community engaged and to test the network for implementation. Therefore, I believe it is a positive measure for both holders and the institution. Let’s go ahead, let’s design in order to build,” a user wrote.
The next step includes finalizing the details of the airdrop. Afterward, the proposal will proceed to a governance vote, allowing participants to express their support or dissent. This process ensures transparency and community involvement in the decision-making.
Meanwhile, the proposal emerges amid intensified scrutiny of the Trump family’s role in the cryptocurrency venture.
On April 2, Senator Elizabeth Warren and Representative Maxine Waters sent a letter to SEC acting chair Mark Uyeda, requesting that the SEC preserve all records and communications related to World Liberty Financial.
They also sought access to information clarifying how the Trump family’s financial stake in WLFI might influence SEC operations, expressing concerns that this potential conflict of interest could undermine the SEC’s mission to protect investors.
“The Trump family’s financial stake in World Liberty Financial represents an unprecedented conflict of interest with the potential to influence the Trump Administration’s oversight—or lack thereof—of the cryptocurrency industry,” the letter read.
Earlier, Senator Warren and five other democrats had sent a letter to the Federal Reserve and the OCC, raising similar concerns.
Conclusion
As World Liberty Financial prepares to launch its USD1 stablecoin airdrop, significant community engagement and transparency in governance are crucial. However, the scrutiny surrounding the Trump family’s involvement could challenge the project’s perception and operational integrity.
