World Liberty Financial (WLFI), a DeFi project associated with Donald Trump, has completed an airdrop of 47 tokens $USD1 for $WLFI token holders who participated in the pre-sale.
The distribution, held on June 4, 2025, on the Ethereum blockchain, aimed to test the airdrop mechanism, reward early investors, and increase the popularity of the USD1 stablecoin, pegged to the U.S. dollar. The number 47 symbolizes the 47th president of the United States, adding a political subtext.
According to CryptoQuant, the stablecoin market is growing, and USD1 has reached a market capitalization of $2.18 billion. The airdrop received support from 99.96% of votes in a vote that concluded on May 14. The funds for the distribution were provided by World Liberty Financial, Inc., but the exact amount depended on the number of wallets and the budget. The company emphasized that it could cancel or change the terms of the airdrop.
This move sparked discussions due to the project's ties to Trump, but it also highlighted its ambitions in DeFi. USD1, backed by U.S. Treasury bonds and managed by BitGo, is positioned as a reliable asset. Stay tuned for updates to keep informed! Subscribe to #MiningUpdates
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