World Liberty Financial Give Stablecoin USD1 to holders of your Token Wlfi

By Hannah Pérez

The project backed by Trump and his family, World Liberty Financial, distributed almost USD $ 50 in USD1 to each WLFI holder who participated in the sale of Tokens.

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• The stablecoin linked to Trump lands for free in hundreds of wallets.
• World Liberty Financial would have distributed almost USD $ 50 in USD1 among users.
• All those who participated in the sale of tokens WLFI received the gift.

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World Liberty Financialthe cryptocurrency project linked to the family of President Donald Trump, gave a handful of his Stablecoin USD1 to users of your native WLFI token.

Chain analysis accounts, Lookonchain and Misttrack, They noticed Thursday night that a wallet identified as associated with the project He had distributed USD $ 47 in USD1 to each wallet that participated in the sale of WLFI tokens.

More than 85,000 participants of the WLFI tokens sales underwent a process of knowledge of their client (KYC), providing personal identity information, to determine the eligibility of participation, according to the project previously indicated.

There was no formal advertisement or confirmation about an airdrop –Free tokens distribution– by World Liberty FinancialHowever, the project team had previously proposed to distribute one “small amount”From USD1 to WLFI holders.

The company published the proposal in April, arguing that a distribution would help I would try the Airdrop Chain function through the main network Ethereum and would promote the Stablecoinwhile expressing gratitude to the supporters of the project. A governance vote on Airdrip’s proposal subsequently received overwhelming support of 99.96%, according to The Block.

World Liberty and its ties with Trump

World Liberty Financiala decentralized finance platform (DEFI), presented its Stablecoin with parity in the US dollar and backed by the US Treasury bonds and fiduciary reserves.

Trump openly promoted the project before his campaign and has maintained his support since he entered his second mandate in the White House in January. His son, Eric Trump, serves as one of the managers in the Board of Directors of World Liberty.

The launch of USD1 occurs in the midst of a mass interest between traditional financial institutions to integrate stablecoins and a changing regulatory panorama for cryptocurrencies in the main world economies.

In the United States, President Trump signed an executive order that promotes the stablecoins linked to the dollar and has urged legislators to advance with a bill that regulates the sector. Legislators have been moving forward with the “genius law”, which seeks to establish rules for the issuing issues of Stablecoinsdemanding security and transparency.

Beyond World Liberty, Trump’s family has also been carrying out other cryptocurrency initiatives, including the launch of Memecoins Trump and Melania, a gala dinner for the headlines of that token, NFT launches, as well as other multiple efforts from the Trump Media company to enter the sector. This participation of Trump and his family in cryptocurrencies has generated concerns in Congress about possible conflicts of interest.

USD1 expands, but it’s still small

The latest USD1 distribution also arises shortly after Stablecoin became interoperable between multiple networks Blockchains, Thanks to an integration with the Cross-Chain interoperability protocol (CCIP) of Chainlinkannounced in May.

The USD1 market capitalization is at USD $ 200 million – even small compared to USDT of Tether or USDC Circle that together dominate almost 85% of the Stablcoins market currently valued at USD $ 252 billion.

Previously it had been reported that the company Mgxbased in Abu Dhabi, I would use USD1 to complete your investment for USD $ 2 billion in cryptocurrency exchange Binance.

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Hannah Estefanía Pérez / Diariobitcoin

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