{"id":128733,"date":"2025-05-07T05:20:32","date_gmt":"2025-05-07T05:20:32","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128733"},"modified":"2025-05-07T05:20:32","modified_gmt":"2025-05-07T05:20:32","slug":"world-liberty-financial-floats-usd1-airdrop-to-wlfi-holders","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128733","title":{"rendered":"World Liberty Financial floats USD1 airdrop to WLFI holders"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTrump family-backed crypto platform World Liberty Financial (WLFI) is proposing to airdrop a small amount of its new US dollar-pegged stablecoin to reward early WLFI holders in a test of its airdrop mechanism.<br \/>\nWith over 99% of votes in favor of the proposal already, the airdrop will distribute a small amount of USD1 to eligible holders of the WLFI token, according to the May 6 proposal in the WLFI governance forum.<br \/>\n\u201cTesting the airdrop mechanism in a live setting is a necessary step to ensure smart contract functionality and readiness. This distribution also serves as a meaningful way to thank our earliest supporters and introduce them to USD1,\u201d the proposal states.\u00a0<br \/>\n\u201cThis will allow World Liberty Financial to validate the technical functionality of its airdrop system in a live environment while thanking early supporters of the project.\u201d<br \/>\nSource: World Liberty Financial\u2019The amount of USD1 is still to be determined but will be based on the total eligible wallets and budget, according to the proposal.<br \/>\nThe date for the airdrop is also pending, and WLFI says it reserves the \u201cright to discontinue, suspend, modify or terminate the test airdrop\u201d at any time.<br \/>\nThe vote is scheduled to close on May 14, and so far, those in favor are ahead with 2.6 billion, or 99.97% of tokens, used to vote yes. Those against the measure make up about 901,000 votes, or 0.03% of the vote so far.<br \/>\nThe airdrop vote will close on May 14, and so far, those in favor are way ahead in the poll. Source: World Liberty FinancialWLFI launched its stablecoin in early March. Since the platform\u2019s launch in September, the crypto firm has also completed two public token sales, netting the firm a combined $550 million from the 85,000 registered holders.<br \/>\nOther countries challenging US dollar stablecoins<br \/>\nThe market cap of US dollar-denominated stablecoins crossed $230 billion in April, a report from investment banking giant Citigroup found, an increase of 54% since last year, with Tether (USDT) and USDC (USDC) dominating 90% of the market.<br \/>\nRelated: $1T stablecoin supply could drive next crypto rally \u2014 CoinFund\u2019s Pakman<br \/>\nHowever, other countries have announced plans to launch stablecoins backed by currencies other than the US dollar.<br \/>\nOn April 28, a trio of major Abu Dhabi institutions, including the Emirate\u2019s sovereign wealth fund, announced a joint initiative to launch a new dirham-pegged stablecoin.<br \/>\nA Russian finance ministry official also floated a plan on April 16 for the country to develop its own stablecoin after a freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether.\u00a0<br \/>\nMagazine: Ridiculous \u2018Chinese Mint\u2019 crypto scam, Japan dives into stablecoins: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/world-liberty-financial-plans-airdrop-usd1-wlfi-holders?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTrump family-backed crypto platform World Liberty Financial (WLFI) is proposing to airdrop a small amount of its new US dollar-pegged stablecoin to reward early WLFI holders in a&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128733"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128733"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128733\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128733"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}