World Liberty Financial offers USD1 airdrop to WLFI holders

World Liberty Financial has announced a USD1 airdrop for holders of WLFI.

Voting on the airdrop proposal is scheduled to close on May 14, and so far, the proposal has received overwhelming support, with 2.6 billion votes (99.97%) in favor and approximately 901,400 votes against.

World Liberty Financial (WLFI), a crypto platform backed by the Trump family, is testing its airdrop by rewarding early WLFI holders with a small portion of its new USD-pegged stablecoin.

The May 6 proposal on the WLFI governance forum outlines an upcoming airdrop that will grant a modest USD1 to selected WLFI token holders, following overwhelming approval with over 99% voting in favor.

“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 states.

“This will allow World Liberty Financial to validate the technical functionality of its airdrop system in a live environment while thanking early supporters of the project.”

As outlined in the proposal, the final distribution amount—initially set at USD1—will depend on an assessment of both the budget and the total number of eligible recipients.

WLFI has not set an official date for the airdrop yet, and WLFI has made it clear that it reserves the “right to discontinue, suspend, modify or terminate the test airdrop” at any time.

WLFI launched its stablecoin in early March.

Since debuting in September, World Liberty has completed two public sales of its WLFI tokens, raising $550 million.

Citigroup’s latest report found that the market value of U.S. dollar-pegged stablecoins reached over $230 billion in April, up by 54% from last year, with Tether and USDC making up 90% of the total market share.

In contrast, other countries have disclosed plans to issue stablecoins tied to currencies other than the U.S. dollar.

Abu Dhabi’s sovereign wealth fund, along with two other major institutions, unveiled a joint plan on April 28 to launch a stablecoin tied to the dirham.

However, critics have targeted the stablecoin launch associated with the Trump-linked project. U.S. Democratic Senators have expressed concerns about possible conflicts of interest involving President Trump.

On Tuesday, a planned hearing on regulating the crypto industry was boycotted by House Democrats, who were concerned about potential conflicts of interest tied to Trump.

The same day, Richard Blumenthal, a Democratic Senator and the head of the Senate Permanent Subcommittee on Investigations, sent a letter to Zach Witkoff, co-founder of World Liberty, requesting details on the measures the project has taken to address any possible conflicts of interest.

“WLFI’s financial entanglements with President, his family, and the Trump Administration present unprecedented conflicts of interest and national security risks, including potential violations of the foreign emoluments clause,” Blumenthal said.

On World Liberty Financial’s official website, President Donald Trump serves as the “chief crypto advocate,” with his sons Eric, Donald Trump Jr., and Barron Trump also named as members.

The whitepaper for the project, however, asserts that the Trump family has no role in the operation or ownership of the WLFI project.