- Trump-backed World Liberty Financial airdropped $4M USD1 to 85,106 WLFI holders.
- Each eligible WLFI holder received $47 USD1 in a smooth Ethereum-based airdrop.
- WLFI tokens remain non-tradable, but a governance vote on trading is expected soon.
World Liberty Financial has completed the long-awaited airdrop of its stablecoin, USD1, to holders of its native WLFI token. On June 4, the project, which has connections to U.S. President Donald Trump, announced the distribution of $4 million worth of USD1.
On-chain records show that 85,106 eligible wallets received exactly $47 in USD1 each. The company stated that the process required no user action, such as claims or links, which allowed for a smooth delivery of the funds. The airdrop was executed on the Ethereum Mainnet, following a community vote in May that approved the plan introduced in April.
The proposal aimed to reward early WLFI supporters and to showcase the platform’s technical ability to manage large-scale airdrops. Participants in New York and other restricted jurisdictions did not qualify for the distribution.
Trump-Backed Stablecoin Gains Traction Amid Regulatory Scrutiny
The USD1 stablecoin, which had a delayed listing, has gained visibility following its use in a deal involving Binance and MGX, an Abu Dhabi-based investment firm. USD1’s rising profile comes amid ongoing debate in Congress about the future of stablecoin regulation.
U.S. lawmakers have drawn attention to the Trump family’s involvement in the project. Eric and Donald Jr. serve as official Web3 ambassadors, while Barron Trump is listed as the platform’s DeFi visionary. Senator Elizabeth Warren has raised concerns about whether such involvement could lead to conflicts of interest as the GENIUS Act progresses through Congress.
Warren stated that expanding stablecoins could enable individuals with political power to financially benefit from unregulated financial products. She pointed out that the Trump-backed USD1 stablecoin might be an example of personal profit overlapping with public control.
Trading Status of WLFI Still Unresolved, But Governance Vote Expected
Currently, WLFI tokens remain non-tradable and non-transferable. They serve only as governance functions within the platform. However, World Liberty Financial hinted at possible changes in a post on X, asking the community whether WLFI should be made tradable.
Any move to make WLFI tradeable would need to pass a governance vote. Although sentiment within the community suggests strong support, sticking to the project’s whitepaper may push any trading activity to 2026.
Related: Trump-Linked USD1 Stablecoin Reaches $2.1 Billion Cap, Lands Binance Listing
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