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 focusing on early backers.
On June 4, the blockchain analytics platform Lookonchain confirmed that the challenge started distributing $47 price of its USD1 stablecoin to wallets that participated within the WLFI token sale.
The airdrop, accredited by neighborhood vote weeks earlier, goals to reward preliminary supporters, enhance liquidity for USD1, and stress-test the challenge’s token distribution mechanism below reside market situations.
In the meantime, market observers imagine the agency chosen the $47 determine to honor Trump’s designation because the forty seventh President of the US. 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 crew has been pushing for memecoin buying and selling pairs involving USD1 to widen publicity and drive consumer engagement on decentralized platforms. The crew introduced on X:
“As much as $1 million in rewards, a 4-week buying and selling marketing campaign, and unique help 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 Could 21 to over 283,000 by Could 26.
Regardless of this momentum, USD1 continues to face criticism over centralization. Kaiko identified that three wallets management many of the circulating provide, sparking considerations about liquidity and governance dangers.
In addition they famous that the stablecoin’s slower adoption than rivals is partly resulting from its lack of institutional backers and minimal promotional incentives.
Furthermore, the challenge hasn’t escaped political scrutiny.
Senator Elizabeth Warren not too long ago 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.
