WLFI airdropped 47 USD1 stablecoins, dissatisfaction due to high Ethereum fees

World Liberty Financial (WLFI), a project supported by Donald Trump, airdropped 47 USD1 (a stablecoin pegged 1:1 to the US dollar) to wallets participating in the $WLFI sale, aimed at rewarding early users and testing the airdrop system. This plan was proposed on April 8, 2025.

Screenshots of transactions on the Ethereum blockchain show that each wallet indeed received 47 USD1, but due to extremely high Ethereum fees, many users ended up with very little value, drawing criticism. For example, user Thę Rēct◎r complained about the high cost of the airdrop.

USD1 focuses on no-fee minting and redemption, utilizing Chainlink's proof of reserves to enhance transparency. However, according to CryptoSlate, five wallets control 40% of the voting rights, raising concerns about the centralization of WLFI governance.

Source: https://etherscan.io/address/0x0eb0d924a210f46b1e3801f74e5aaf769f817fa9#tokentxns