2 days ago
World Liberty Financial, a DeFi task part-owned by a trust of US President Donald Trump, has kicked disconnected a caller airdrop run targeting aboriginal backers.
On June 4, the blockchain analytics level Lookonchain confirmed that the task began distributing $47 worthy of its USD1 stablecoin to wallets that participated successful the WLFI token sale.
The airdrop, approved by assemblage ballot weeks earlier, aims to reward archetypal supporters, summation liquidity for USD1, and stress-test the project’s token organisation mechanics nether unrecorded marketplace conditions.
Meanwhile, marketplace observers judge the steadfast selected the $47 fig to grant Trump’s designation arsenic the 47th President of the United States. This symbolic motion adds a governmental and taste furniture to what would different beryllium a modular reward mechanism.
USD1
Launched successful April 2025, USD1 is WLFI’s halfway stablecoin. It is pegged to the US dollar and backed by reserves specified arsenic Treasuries and currency equivalents.
Since its debut, USD1 has gained traction connected centralized and decentralized platforms, with listings connected exchanges including Binance and Bitget.
In addition, the WLFI squad has been pushing for memecoin trading pairs involving USD1 to widen vulnerability and thrust idiosyncratic engagement connected decentralized platforms. The squad announced connected X:
“Up to $1 cardinal successful rewards, a 4-week trading campaign, and exclusive enactment for the apical trading pools & meme projects.”
Notably, the integer asset’s trading is chiefly dominated by on-chain activity.
For context, analysts astatine blockchain investigation level Kaiko reported that PancakeSwap’s USD1 pairs recorded an mean regular trading measurement of $14 cardinal successful the past 30 days, importantly outpacing Binance’s $8 million.
In addition, PancakeSwap V3 trades surged aft the Binance listing, jumping from 28,000 connected May 21 to implicit 283,000 by May 26.
USD1 Trading (Source; Kaiko)Despite this momentum, USD1 continues to look disapproval implicit centralization. Kaiko pointed retired that 3 wallets power astir of the circulating supply, sparking concerns astir liquidity and governance risks.
They besides noted that the stablecoin’s slower adoption than rivals is partially owed to its deficiency of organization backers and minimal promotional incentives.
Moreover, the task hasn’t escaped governmental scrutiny.
Senator Elizabeth Warren precocious criticized the initiative, citing its alleged ties to a arguable woody with the United Arab Emirates. She argued that specified connections undermine legislative efforts and urged Congress to hold a crypto-related measure she believes could alteration further misconduct.
The station World Liberty Financial airdrops $47 USD1 stablecoin successful symbolic ‘stimulus’ motion to Donald Trump appeared archetypal connected CryptoSlate.
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