Ah, what a world we live in! Trump’s very own crypto platform, World Liberty Financial (WLFI), is feeling generous—or perhaps just a little too eager to test out its new toys. They’ve decided to “reward” early WLFI holders by throwing a bone in the form of an airdrop of a brand new US dollar-pegged stablecoin. Isn’t that sweet? 🎁
According to the proposal put forth in the WLFI governance forum on May 6, this “reward” is a small amount of USD1. Yes, you read that right, a whole USD1. Don’t spend it all at once, folks! With over 99% of votes already in favor, the airdrop is set to distribute this minuscule sum to lucky token holders—because who wouldn’t want a dollar from a crypto backed by the Trump family? 😏
But hey, let’s be real here. It’s all about “testing the airdrop mechanism” to ensure everything’s running smoothly. You know, ensuring that the smart contract is working properly. And as a bonus, they get to pat themselves on the back for thanking their “earliest supporters.” Oh, the generosity! 🙄
“This will allow World Liberty Financial to validate the technical functionality of its airdrop system in a live environment while thanking early supporters of the project,” they say. How kind. How thoughtful. (We can’t help but wonder, though—how many people will actually get excited over a dollar?🤔)
As for how much USD1 will actually be? Well, they’re still figuring that out. It all depends on the total number of eligible wallets and, of course, the budget. So, stay tuned for that grand revelation. 🧐
And let’s not forget—this is all subject to change! WLFI reserves the “right to discontinue, suspend, modify or terminate the test airdrop” at any time. So, don’t get too attached to your future windfall of one whole dollar, okay? ⏳
Voting closes on May 14, and the yes votes are absolutely crushing it with 2.6 billion tokens in favor. That’s 99.97% for those keeping track. Meanwhile, the naysayers, the brave 0.03%, are still holding their ground with a measly 901,000 votes. 🙃
Since WLFI launched its stablecoin back in March, and the platform itself in September, it’s been busy. Two public token sales later, and the crypto firm has managed to rake in a combined $550 million from the 85,000 registered holders. Big numbers, but is it enough to buy a solid stablecoin? Only time will tell.
Other countries challenging US dollar stablecoins
Meanwhile, the world of stablecoins is getting a little crowded. Citigroup recently reported that the market cap of US dollar-backed stablecoins crossed $230 billion in April. But hold on—other countries are also getting into the game. Forget the dollar, let’s bring on the dirham! A few big players from Abu Dhabi are launching their own dirham-pegged stablecoin. Because who needs the US dollar anyway, right?
And let’s not overlook the Russian plans. After a bit of trouble with wallets being frozen by US authorities, the Russian finance ministry has started thinking about launching a stablecoin of their own. Well, isn’t that just a delightful little political move? 🍿
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2025-05-07 07:56