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World Liberty Financial has airdropped USD1 stablecoins to WLFI token holders.
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Over 85,000 wallets received 47 tokens each as a test and thank-you.
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USD1 is backed by U.S. Treasuries and fiat equivalents.
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Concerns linger over centralization and political entanglements.
Surprise Airdrop Hits Ethereum
Blockchain data shows World Liberty Financial has airdropped 47 USD1 stablecoins to wallets holding its native WLFI token. Although the company did not publicly confirm the drop, it aligns with a previously proposed community vote to test USD1’s distribution mechanics and reward early supporters.
The proposal received overwhelming approval in a snapshot vote last month.
Stablecoin Mechanics and Controversies
USD1 is reportedly backed by short-term U.S. Treasuries and fiat holdings. However, critics have flagged issues of centralization, noting that three wallets control over 93% of the stablecoin’s supply.
Compounding concerns, the Trump family's involvement in the project has raised eyebrows. All four Trump family members reportedly hold ambassadorial roles in World Liberty.
Ongoing Political Scrutiny
The project has drawn criticism from Senate Democrats, who claim the Trump family may have benefited financially from WLFI token sales. Attorneys representing World Liberty have denied those allegations.
