Catenaa, Wednesday, May 21, 2025- World Liberty Financial, the Trump-backed cryptocurrency initiative, has launched a community vote on a proposed airdrop of its USD1 stablecoin to WLFI token holders in a live onchain test of its distribution system.
The vote, conducted via snapshot, allows WLFI token holders to weigh in on whether to proceed with a “small amount” of USD1 stablecoin distribution through Ethereum’s mainnet.
The goal, according to the project, is to evaluate smart contract performance and reward early supporters. Exact amounts and timing remain unspecified.
Within the first eight hours, the proposal garnered 2.6 billion votes in favor-representing 99.97% approval-with just over 900,000 votes in opposition. Voting is set to conclude on May 14.
World Liberty emphasized its right to alter or cancel the airdrop at any time, even if approved.
Launched in September, the project has raised $550 million through two public WLFI token sales. It confirmed plans to launch the USD1 stablecoin in March, stating it would be fully backed by U.S. Treasury bills, dollar reserves, and cash equivalents.
Last week, MGX, an Abu Dhabi-based firm, said it would use USD1 in its $2 billion deal with Binance, spotlighting World Liberty’s expanding global ambitions.
However, the initiative has drawn scrutiny from Democratic lawmakers, citing potential conflicts of interest linked to President Donald Trump and his family, who are listed on the website as advocates but not formal owners or operators.
A Senate probe is currently seeking clarity on those ties.
