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World Liberty Financial Launches USD1 Token Airdrop for WLFI Community

USD1, World Liberty Financial’s dollar-pegged asset backed by U.S. Treasuries and custodied by BitGo, holds a $2.18 billion market cap equal to its circulating supply.

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World Liberty Financial, a crypto venture linked to U.S. President Donald Trump, has sent USD1 stablecoins to wallets holding its native WLFI token. On-chain data flagged by Lookonchain indicates that 47 tokens were transferred to each eligible address in a single batch transaction on Tuesday.

The transfers were traced to a wallet previously associated with the project. According to a March update from the team, more than 85,000 people participated in the WLFI token sale and completed the Know Your Customer (KYC) verification process.

World Liberty Financial Tests Stablecoin Drop

Although no official notice preceded the move, World Liberty had proposed distributing a “small amount” of USD1 to WLFI holders. The idea was to test airdrop delivery on Ethereum and raise awareness for the stablecoin while encouraging early supporters.

A community vote held last month showed overwhelming support, with 99.96% backing the airdrop proposal. That vote followed the stablecoin’s launch and was framed as a pilot initiative.

The airdrop is part of a broader blockchain activity involving Trump-linked ventures. On June 4, Trump Media & Technology Group submitted paperwork to the SEC seeking approval for a spot Bitcoin ETF.

The filing proposes a fund that tracks Bitcoin’s price, with custody handled by Foris DAX Trust Company. The ETF project involves Truth Social and Yorkville America Digital, LLC as partners.

Regulatory Push and Rumored Trump Wallet

USD1 is World Liberty’s dollar-pegged asset, backed by the U.S. Treasuries, cash, and equivalents, and held in custody by BitGo. The token launched in March and quickly saw its volumes spike by over 6,700% at one point, reaching $140 million.

DefiLlama data shows it now holds a $2.18 billion market cap, matching its circulating supply. Its release came amid growing scrutiny from U.S. regulators over stablecoin operations. Lawmakers are reviewing the GENIUS Act, which seeks stricter rules on asset transparency and reserve backing for stablecoin issuers.

Alongside these policy shifts, rumors are also swirling around a new product branded as the “Official Trump Wallet.” The app is said to include wallet and trading features, with support for Bitcoin, the TRUMP token, and other digital assets.

Crypto journalist Molly White first reported on the project’s development. However, both the Trump Organization and Trump’s sons have denied any ties to the effort.

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Jonathan Agozie

Jonathan Agozie is a writer dedicated to delivering clear, well-researched, and technically accurate content on blockchain, cryptocurrency, and Web3 technologies. With a strong background in these fields, he simplifies complex topics for a broad audience, ensuring clarity without compromising depth.