World Liberty Financial floats USD1 airdrop to WLFI holders
World Liberty Financial (WLFI) plans to airdrop a small amount of its new US dollar-pegged stablecoin, USD1, to reward early WLFI token holders as part of testing its airdrop mechanism. Over 99% of votes favor the proposal, with 2.6 billion tokens voting yes. The airdrop aims to validate the smart contract functionality and express gratitude to early supporters. The exact amount of USD1 and the airdrop date are yet to be determined, with WLFI reserving the right to modify or terminate the airdrop. WLFI launched its stablecoin in March and has raised $550 million from public token sales since its September launch. Meanwhile, the market cap of US dollar-denominated stablecoins surpassed $230 billion in April, with Tether and USDC holding 90% of the market. Other countries are exploring stablecoins backed by different currencies, including a dirham-pegged stablecoin initiative in Abu Dhabi and a proposed Russian stablecoin.
