Trump-Linked WLFI Proposes Stablecoin Airdrop to Test New USD1 Distribution

World Liberty Financial (WLFI), a cryptocurrency platform linked to the Trump family, is set to airdrop a small amount of its newly launched US dollar-pegged stablecoin, USD1, to early WLFI token holders. 

WLFI Airdrop Details and Voting Breakdown

The initiative aims to test the technical functionality of WLFI’s airdrop system while offering a token of appreciation to the project’s earliest supporters.

The USD1 airdrop proposal, posted on WLFI’s governance forum on May 6, has garnered overwhelming community support. As of now, over 2.6 billion tokens—or 99.97% of the votes—have backed the proposal, which is scheduled to close on May 14. Just 0.03% of votes have opposed the plan, representing around 901,000 tokens.

Also read: $2 Trillion Future: TBAC Report Projects Stablecoins As the Next Big Thing in Finance

The airdrop vote will close on May 14, and so far, those in favor are way ahead in the poll. (Source: World Liberty Financial)

WLFI’s proposal states, “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.” 

Also read: Democratic Lawmakers Sound Alarm Over Trump-Linked Stablecoin USD1

Although the exact amount of USD1 to be distributed has not been finalized, it will depend on the total number of eligible wallets and the allocated budget. The platform also emphasized that it retains the right to “discontinue, suspend, modify or terminate the test airdrop” at any time, suggesting a cautious approach as it navigates regulatory and operational complexities.

Stablecoin Market Continues Explosive Growth

WLFI launched its USD1 stablecoin in early March as part of a broader vision to participate in the expanding stablecoin market. Since its public debut in September, WLFI has conducted two token sales, collectively raising $550 million and attracting over 85,000 registered holders—a significant milestone for the relatively new platform.

The airdrop test signals WLFI’s ambition to join the ranks of established stablecoin issuers like Tether (USDT) and USD Coin (USDC), which together control roughly 90% of the stablecoin market. 

According to Citigroup, the total market capitalization of dollar-backed stablecoins exceeded $230 billion in April, a 54% year-over-year increase. This explosive growth suggests rising demand for crypto-assets that offer the perceived safety of fiat stability.

However, WLFI’s stablecoin strategy emerges at a time when the global dominance of US dollar-pegged stablecoins is being increasingly challenged. 

Several nations are stepping up efforts to introduce stablecoins tied to their own currencies. For instance, three major Abu Dhabi institutions—including the Emirate’s sovereign wealth fund—recently announced plans for a dirham-backed stablecoin. Meanwhile, a Russian finance ministry official has proposed a ruble-pegged stablecoin, partly in response to Western sanctions and the freezing of digital wallets linked to the Garantex exchange.

Also read: Tether Co-Founder Reeve Collins Predicts End of Dollar Monopoly in Stablecoins

These developments point to a growing geopolitical divergence in digital currency strategies. While dollar-backed coins continue to dominate, national governments and financial entities are exploring sovereign stablecoins to safeguard economic autonomy and mitigate external risk.

For WLFI, the upcoming USD1 airdrop is more than a routine technical test—it marks a pivotal moment in its evolution from a political-adjacent crypto startup to a potential player in a global, competitive stablecoin ecosystem.