tl;dr
World Liberty Financial (WLFI), a DeFi project backed by the Trump family, has launched a vote to approve an airdrop of its USD1 stablecoin to WLFI token holders. The governance vote runs from May 7 to May 14, with strong support for the airdrop test. USD1, backed by short-term US government bonds a...
World Liberty Financial (WLFI) has initiated a governance vote running from May 7 to May 14 to approve an airdrop of its USD1 stablecoin to WLFI token holders. This airdrop test aims to validate WLFI’s on-chain distribution system while rewarding early supporters, with the vote showing an overwhelming 99.97% approval to proceed.
The USD1 stablecoin, launched in March 2025, is backed by short-term US government bonds and cash equivalents. It has witnessed explosive growth, with its market capitalization soaring from $128 million to over $2 billion within a single day.
WLFI has also deepened its partnership with Lista DAO by integrating USD1 into the Lista DAO ecosystem on the BNB Chain. This integration enables users to participate in decentralized finance (DeFi) activities such as lending, borrowing, and earning stable yields through the new USD1/ListaDAO liquidity pool.
Stable yield opportunities have become increasingly attractive in the crypto space as investors seek steady returns without the volatility typical of standard cryptocurrencies. WLFI emphasizes that the momentum behind USD1 is strong and signals more developments to come.
Despite these advances, WLFI faces significant scrutiny and legal challenges due to its financial connections with foreign investors. Critics and lawmakers have raised concerns about potential conflicts of interest and national security risks, placing the project under considerable pressure.