World Liberty Financial (WLFI), a decentralized financial project associated with US President Donald Trump, a proposal for carrying out his stable USD test to hold eligible WLFI tokens.
According to the proposal, the initiative aims to improve the visibility of the USD1 before its broader launch.
The Stablecoin, supported by US treasury bills managed by goalkeeper Bitgo, is part of WLFI’s efforts to establish a regulated digital asset in dollars.
WLFI provides an USD1 air card based on Ethereum
The Airdrop, which will occur on Ethereum Mainnet and funded by WLFI, is still being finalized in terms of distribution amount and calendar.
“Testing the mechanism of air tickets in a live framework is a necessary step to guarantee the functionality and the preparation of intelligent contracts,” said the proposal.
However, the company reserves the right to modify or cancel the test at any time and may impose additional eligibility conditions.
The proposal describes a multi-shade process: comments from the community, finalization of the distribution plan, governance vote and official announcement.
Voters can select from “yes”, “no” or “abstain” and early voting trends show a majority in favor of the test.
We have just published a new governance proposal:
To test our air features by distributing USD1 to all $ Wlfi Holders – reward our first supporters and prepare future growth.
Join the discussion
– WLFI (@Worldlibertyfi) April 7, 2025
We have just published a new governance proposal:
https://t.co/ndg5ymyurmWLFI launched USD1 in March, coinciding with Congress discussions on the stable bipartite law.
Critics have raised concerns about Trump’s financial links with the project, including 390 million dollars allocated to DT Marks DEFI LLC, an entity affiliated with Trump, of the $ 550 million collected during token sales.
The platform governance token remains non-transferable, which raises additional questions about transparency and decentralization.
Tensions have increased in Washington, democratic legislators pushing the changes to the stable act which would prohibit seated presidents and their families to launch stablecoins.
Meanwhile, senator Elizabeth Warren and the representative Maxine Waters called the dry to publish internal documents related to WLFI, invoking concerns about “regulatory favoritism”.
The examination follows the recent SEC decision to suspend the measures to apply the law, in particular an imply Justin Sun, an investor of the WLFI and founder of the Blockchain Tron.
Trump’s freedom, Liberty Financial, concludes the sale of tokens
Last month, WLFI completed its sale of tokens, raising an impressive $ 550 million and the most successful ranking in the history of cryptography.
The public sale of the WLFI governance token began on October 15, initially targeting an increase of $ 300 million.
The project offered 20 billion tokens at $ 0.015 each, limited to white list investors.
However, early demand has failed, generating only $ 11 million, against the sale of 766 million tokens, which prompted the team to revise its objective at $ 30 million.
The momentum changed after the launch of the official Trump (Trump) and Melania even (Melania), two tokens on the theme of Trump who increased in popularity.
Their success fueled a renewed interest in the WLFI, which led to greater participation in its sale of tokens.
On January 20, the initial sale had closed with 20% of the supply of tokens sold. Seizing the opportunity, the project published 5 billion additional WLFI tokens at $ 0.05 each.
The demand remained high and by March 13, 99% of the newly released tokens had been sold.
The World Liberty Financial, linked to Trump, proposes that the WLFI holders of Stablecoin USD1 to WLFI holders appeared first on Cryptonews.
