World Liberty Monetary, a DeFi enterprise part-owned by a belief of US President Donald Trump, has kicked off a brand new airdrop marketing campaign concentrating on early backers.
On June 4, the blockchain analytics platform Lookonchain confirmed that the undertaking started distributing $47 value of its USD1 stablecoin to wallets that participated within the WLFI token sale.
The airdrop, authorized by group vote weeks earlier, goals to reward preliminary supporters, improve liquidity for USD1, and stress-test the undertaking’s token distribution mechanism beneath dwell market circumstances.
In the meantime, market observers consider the agency chosen the $47 determine to honor Trump’s designation because the forty seventh President of the USA. This symbolic gesture provides a political and cultural layer to what would in any other case be an ordinary reward mechanism.
USD1
Launched in April 2025, USD1 is WLFI’s core stablecoin. It’s pegged to the US greenback and backed by reserves reminiscent of Treasuries and money equivalents.
Since its debut, USD1 has gained traction on centralized and decentralized platforms, with listings on exchanges together with Binance and Bitget.
As well as, the WLFI staff has been pushing for memecoin buying and selling pairs involving USD1 to widen publicity and drive consumer engagement on decentralized platforms. The staff introduced on X:
“As much as $1 million in rewards, a 4-week buying and selling marketing campaign, and unique assist for the highest buying and selling swimming pools & meme tasks.”
Notably, the digital asset’s buying and selling is principally dominated by on-chain exercise.
For context, analysts at blockchain evaluation platform Kaiko reported that PancakeSwap’s USD1 pairs recorded a median day by day buying and selling quantity of $14 million within the final 30 days, considerably outpacing Binance’s $8 million.
As well as, PancakeSwap V3 trades surged after the Binance itemizing, leaping from 28,000 on Might 21 to over 283,000 by Might 26.
Regardless of this momentum, USD1 continues to face criticism over centralization. Kaiko identified that three wallets management many of the circulating provide, sparking issues about liquidity and governance dangers.
In addition they famous that the stablecoin’s slower adoption than rivals is partly as a consequence of its lack of institutional backers and minimal promotional incentives.
Furthermore, the undertaking hasn’t escaped political scrutiny.
Senator Elizabeth Warren lately criticized the initiative, citing its alleged ties to a controversial cope with the United Arab Emirates. She argued that such connections undermine legislative efforts and urged Congress to delay a crypto-related invoice she believes may allow additional misconduct.
