- WLFI holders voting on test airdrop of USD1 stablecoin aimed at checking system readiness.
- Early voting shows near-total support for airdrop, but project may change terms anytime.
- Political concerns grow over Trump’s involvement as USD1 is adopted in billion-dollar crypto deals.
World Liberty Financial has initiated a community-wide vote to determine whether its USD1 stablecoin should be distributed to existing holders of the WLFI token. The proposal is being decided through a snapshot voting system, with the voting window set to remain open until May 14.
The planned airdrop is intended to serve as a system check for the project’s onchain distribution tools. The amount of stablecoin to be sent to each wallet has not been confirmed. The company said it will release final details on timing and wallet allocations at a later date.
In a public update, the team stated:
“This release will help us make sure everything functions as designed while giving back to those who joined early.”
In the first few hours of voting, over 2.6 billion votes were cast in favor of the airdrop, with fewer than a million opposing the measure. The early results reflect widespread support among token holders, although the company reminded users that a green light does not make the airdrop final.
According to the official post, World Liberty Financial has the option to “pause, revise, or cancel the test airdrop if needed.” Additional requirements for eligibility may also be introduced before any tokens are sent out.
USD1 Backed by Cash and Government Debt
Launched in March, USD1 is a digital currency developed to hold a consistent one-to-one value with the U.S. dollar. The asset is supported by a combination of short-term government securities, physical cash held in reserve, and funds stored in U.S. banking institutions. Built to run on the Ethereum network, USD1 is structured to offer stability through traditional financial backing.
Since its launch, the stablecoin has gained some early momentum through new partnerships. At the recent Token2049 event in Dubai, investment company MGX announced that it would use USD1 in a $2 billion transaction with the Binance exchange. The announcement marked one of the first large-scale uses of USD1 in an international deal. World Liberty Financial rolled out its WLFI token in September last year, generating $550 million in funding through a pair of public token sales.
Political Reactions Raise Questions About Project
While the project has drawn support from some crypto communities, its ties to President Trump have led to increasing pushback from Democratic lawmakers. Senator Richard Blumenthal, who serves on the Senate Permanent Subcommittee on Investigations, sent a letter to World Liberty co-founder Zach Witkoff seeking clarity on how the company is managing potential ethical concerns.
Blumenthal wrote:
“There are real concerns about financial ties between WLFI and the Trump Administration, including risks to national security and questions around constitutional compliance.”
On the same day, House Democrats walked out of a planned hearing on cryptocurrency regulation, citing unresolved concerns about President Trump’s direct involvement in crypto ventures. On its official website, World Liberty Financial lists Donald Trump as the “chief crypto advocate,” and names Eric Trump, Donald Trump Jr., and Barron Trump as part of the initiative. Despite these listings, the project’s whitepaper states that the Trump family does not own or operate the company.
Purpose of Airdrop: System Testing and Early Access
World Liberty Financial said the upcoming distribution will help it assess how its smart contracts perform under live conditions. At the same time, it sees the release as a way to bring WLFI users into the USD1 ecosystem. The results of the vote, once concluded, will decide whether the airdrop moves forward as a technical trial. Further information will be announced after May 14.
