World Liberty Financial (WLFI), the high-profile crypto project backed by the Trump family, has launched a Snapshot vote to test its on-chain airdrop functionality by distributing a free USD1 stablecoin to all eligible $WLFI holders. This move, announced on May 7, 2025, marks a significant step as WLFI aims to reward early supporters and showcase its technical capabilities ahead of a planned public listing.

Image Source: WLFI

Snapshot Vote:

The Snapshot proposal, now open for voting until May 14, allows $WLFI token holders to decide on the distribution of a “small amount” of USD1 stablecoin to all eligible wallets. Early voting shows overwhelming support, with the proposal receiving a 100% approval rate so far. The airdrop will be executed on the Ethereum mainnet, with eligibility criteria and distribution details to be finalized and announced soon.

What Is USD1?

USD1 is World Liberty Financial’s own stablecoin, designed to be fully backed by U.S. Treasuries, dollars, and cash equivalents. The project claims USD1 will be “the most transparent, the most regulated, stablecoin in the world,” with reserves held by BitGo and regular third-party audits promised. USD1 is already gaining traction, having been selected as the official stablecoin to close a $2 billion investment in Binance by Emirati firm MGX.

WLFI Token:

WLFI’s governance token has attracted major investors, raising over $550 million through private sales since October 2024. Notably, crypto entrepreneur Justin Sun invested $75 million, while DWF Labs, a major crypto trading house, recently bought $25 million worth of tokens and will provide liquidity for USD1. WLFI tokens grant holders voting rights on key protocol decisions but are currently non-transferable and not listed on exchanges.

Airdrop:

The proposed airdrop serves two purposes: it rewards early $WLFI holders and tests the platform’s ability to execute large-scale on-chain distributions. The team emphasizes this is a trial run, with the right reserved to modify or cancel the airdrop depending on technical or governance feedback. The fixed amount of USD1 per wallet will be determined based on the number of eligible holders and the available budget.

Controversy and Criticism

Despite the project’s ambitions, World Liberty Financial has faced scrutiny over potential conflicts of interest, especially given the Trump family’s direct involvement and the project’s appeal to wealthy, sometimes foreign, investors. Ethics experts warn that such ventures could be used to seek political favour or influence, raising regulatory and transparency concerns.

What’s Next for WLFI Holders?

1. Community discussion and finalization of airdrop details

2. Governance vote to approve the test

3. On-chain distribution of USD1 to eligible wallets

4. Public announcement of the airdrop results

World Liberty Financial’s USD1 airdrop is a high-profile test of its technical and community governance infrastructure, as the Trump-backed venture continues to blend politics, finance, and technology. With major investments, ambitious plans for public listing, and growing scrutiny, all eyes are on how WLFI navigates this next phase in the evolving crypto landscape.