WLFI project by Trump plans to distribute USD1 stablecoin for testing. Backed by short-term US Treasury securities, dollar deposits, and cash equivalents.
The digital currency project World Liberty Financial (WLFI), backed by Donald Trump, has introduced a new proposal for an airdrop and distribution of a USD1 stablecoin to WLFI token holders for testing purposes. This test distribution aims to evaluate the distribution system’s performance and reward early supporters. Recently, this DeFi project has sold 25% of its 100 billion token supply, raising $590 million. The USD1 stablecoin is set to be fully backed by short-term US Treasury securities, dollar deposits, and cash equivalents. This initiative aligns with the United States’ efforts to establish a legal framework for stablecoins.
