Étienne Girard
World Liberty Financial, the blockchain venture supported by US President Donald Trump, has initiated an unannounced airdrop of its USD1 stablecoin to users holding its native WLFI token, according to data from Lookonchain and SlowMist.
On Tuesday evening, blockchain records from Etherscan revealed that a wallet linked to the project distributed 47 USD1 tokens to every address holding WLFI. The mass transfer reached more than 85,000 wallets, all of which had previously completed KYC verification, per the project’s March disclosure.
Though World Liberty has not issued an official announcement about this airdrop, the move aligns with a previous community proposal to distribute a “modest amount” of USD1 as both a promotional initiative and a test of Ethereum-based airdrop infrastructure.
Community Vote Shows Overwhelming Support
Last month, the project conducted a snapshot vote to determine whether the stablecoin airdrop should proceed. The proposal passed with near-unanimous approval—99.96% of voters supported it.
USD1: A Dollar-Backed Stablecoin in a Volatile Regulatory Climate
Launched in March, USD1 is reportedly backed by U.S. treasury bills, dollar deposits, and other cash-like reserves, making it fully collateralized. The release came as U.S. lawmakers push for stricter stablecoin oversight via the GENIUS Act, which seeks to enforce higher transparency and security standards among issuers.
Despite regulatory concerns, USD-backed stablecoins are surging in popularity, with the market recently surpassing $250 billion in capitalization—fueled by both institutional and retail demand.
Political Ties Raise Eyebrows
World Liberty’s high-profile support from the Trump family has triggered controversy. President Trump and his three sons are listed in the project’s whitepaper as brand ambassadors or advocates, raising questions about potential conflicts of interest.
Senator Richard Blumenthal recently claimed the Trump family personally profited from WLFI token operations. In response, the project’s legal team called the accusation “deeply flawed” and without factual basis.
Centralization Concerns Linger
Beyond political scrutiny, analysts have also voiced concerns about token distribution. According to Dune Analytics, two wallets currently control 84.4% of all USD1 tokens, with a third wallet holding another 9.5%. It remains unclear if these wallets belong to World Liberty itself, major backers like Justin Sun, or custodial firms such as BitGo.
