World Liberty Financial has initiated a vote for distributing small amounts of USD1 stablecoin to WLFI token holders, aiming to test the airdrop function on the Ethereum mainnet.
The company stated that this distribution is essential for testing the functionality of smart contracts and thanked early supporters with this initiative. The vote, which has already garnered 99.97% approval in the first eight hours, will conclude on May 14.
The USD1 stablecoin, backed by short-term U.S. Treasury bonds, U.S. dollar deposits, and other cash equivalents, continues to be promoted by World Liberty Financial through various channels.
However, the project, linked to President Donald Trump, has raised concerns among Democratic senators regarding potential conflicts of interest related to Trump’s involvement. World Liberty Financial clarified that Trump family members are not involved in the management or ownership of the WLFI project.
