WLFI Opens Vote to Airdrop USD1 Stablecoin to Token Holders

Highlights:

• WLFI holders vote on test airdrop for USD1 stablecoin with over 99% support so far.
• USD1 plans to expand to more networks later after launching on two networks.
• Lawmakers question Trump’s ties to WLFI and seek details on possible conflicts of interest.

World Liberty Financial has launched a snapshot vote that seeks community approval to distribute a small amount of its stablecoin, USD1, to current WLFI token holders. The vote aims to test the smart contract system responsible for handling onchain airdrops. Although the project has not confirmed the exact distribution amount or date, it clarified that the decision depends on the total number of eligible wallets and the test budget.

WLF fam — it’s time.
A new Snapshot vote is live to airdrop USD1 to all eligible $WLFI holders.
Free USD1. The hottest stablecoin in crypto 🦅
Don’t miss your chance — vote now:https://t.co/Cv99dBiPh1

— WLFI (@worldlibertyfi) May 6, 2025

According to its statement, the team views the airdrop as a step to confirm system functionality and introduce users to the stablecoin. It also considers the move a way to appreciate the early supporters of the project. The vote opened yesterday and will close on May 14. Within the first eight hours, the proposal received about 2.6 billion supporting votes, which represent 99.97% of the total, while votes against it remained around 901,400.

World Liberty Financial stated that it could cancel or change the conditions of the airdrop anytime. It also said it could include additional eligibility requirements before the actual distribution. The team said this trial would provide important feedback before any broader release of USD1.

Stablecoin Project Faces Political Pushback Amid Launch Progress

World Liberty Financial introduced USD1 in March and stated that the stablecoin is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and other liquid cash assets. Since then, the project has worked to promote USD1 through partnerships and public announcements. It confirmed that the stablecoin operates on both Ethereum and Binance Smart Chain, with future plans to support other networks.

Abu Dhabi investment firm MGX revealed during Token2049 Dubai that it would use USD1 to close a $2 billion deal with Binance. However, Democratic lawmakers have scrutinized the project over the platform’s connections to former President Donald Trump. They expressed worries that the President, his family, and his administration may create conflicts.

Tensions over Trump’s connections to the project led House Democrats to boycott a planned crypto hearing. On the same day, Senator Richard Blumenthal sent a formal letter to WLFI co-founder Zach Witkoff. He requested clarity on what steps the project has taken to address possible conflicts of interest.

ABSOLUTE PANDEMONIUM as Democrats led by @RepMaxineWaters walk out of the digital assets hearing to protest the Trump family's launch of their own digital dollar @RepStephenLynch is shouted down as he calls out conflicts of interest from Trump's personal crypto endeavors pic.twitter.com/JdtEbTr9xN

— Coinage (@coinage_media) May 6, 2025

World Liberty Financial’s website lists Donald Trump as the chief crypto advocate, with Eric Trump, Donald Trump Jr., and Barron Trump named as members. However, the project’s whitepaper claims that no Trump family members run or own the WLFI platform.

WLFI’s Capital Raise and Snapshot Participation Grow

The platform was launched in September last year, and the initial token sales generated a total of $550 million. Moreover, the sale came from more than 85,000 registered holders.

WIFI plans to announce the date of the airdrop of USD1 later. The date will depend on the number of eligible wallets and available test funds. The team also said that they reserve the right to change or suspend the trial at any time. The vote on the proposal is still open, and support for it as of now has a large lead.