One of the most notable developments of the day in the crypto world was the airdrop of USD1, the stablecoin of the World Liberty Financial (WLFI) project, which is known to be linked to Donald Trump. The project sent 47 USD1 tokens to the wallets of WLFI token holders who participated in the presale phase. The airdrop took place on the Ethereum network.
Airdrop distribution from World Liberty Financial
World Liberty Fi has sent a bulk airdrop of 47 USD1 to several addresses believed to belong to early WLFI token recipients. World Liberty Financial had previously announced in a community vote that a small-scale airdrop would be conducted to test the USD1 distribution and reward investors who backed the project early on. This proposal was overwhelmingly approved by 99.96%. The vote received final approval on May 15 and the airdrop was quietly launched on June 4. Although the project did not make an official announcement, numerous users confirmed the distribution on social media.
According to the cryptocurrency community, the 47 USD1 sent has not only a financial but also a symbolic meaning. The number is thought to have been chosen in reference to the fact that Donald Trump is the 47th President of the United States.
USD1 is a stablecoin that was released in March 2025 and is fully backed by US Treasury bills, cash assets and short-term equivalents. USD1, which is held by BitGo, has seen significant momentum following its launch. According to DeFiLlama data, its circulating supply and market capitalization currently stands at $2.18 billion. So much so that in some periods, there were sudden increases of up to 6700 percent in transaction volume.
However, the rise of the project has also brought some concerns. According to Dune Analytics data, 84.4 percent of the USD1 supply is held in only two wallets, while 9.5 percent is held in a third wallet. According to some in the community, this suggests that the token is highly centralized. It remains unclear whether these wallets belong to World Liberty Financial, investors or custodians.
On the other hand, the Trump family's role in the project has also sparked public debate. The project whitepaper states that Trump and his three sons are ambassadors or supporters of WLFI. Last month, Democratic Senator Richard Blumenthal's claim that the Trump family had made “substantial” financial gains from the project was dismissed as “baseless” by World Liberty lawyers.
Application filed for Trump-backed Bitcoin ETF
The airdrop news is just part of the Trump-related crypto developments. As we reported in the morning, it was announced that Trump Media & Technology Group applied for a spot Bitcoin ETF. At the same time, while rumors circulated that a product called “Official Trump Wallet” would be released, the Trump family denied these claims. A wallet thought to belong to the TRUMP meme coin project reportedly moved 4 million tokens to major exchanges.
