A crypto wallet tied to World Liberty Financial, a digital asset project openly backed by US President Donald Trump, has quietly distributed 47 USD1 tokens to thousands of addresses holding the project’s WLFI token, according to blockchain analysts at Lookonchain and SlowMist.
On-chain data from Etherscan shows that the distribution occurred late Tuesday evening, with 47 USD1 tokens sent in a bulk transaction to each wallet linked to WLFI holdings.
The recipients are believed to be early participants in the WLFI token sale, which drew more than 85,000 verified users through a know-your-customer (KYC) process in March.
While the project did not make a public announcement, the airdrop aligns with a previously floated proposal to reward WLFI holders with a small amount of USD1.
That community proposal was put to a snapshot vote last month and received near-unanimous support, with 99.96% voting in favour.
Curiously, some wallets that received the tokens transferred them back just an hour later.
One receiving address consolidated funds totalling $5,875 in USD1, hinting at either coordinated activity or a possible test of transaction volume.
Other wallets retained the stablecoins, adding them to balances linked with prior meme token or DEX activity.
The equal distribution of 47 tokens per wallet, regardless of the WLFI holding size, suggests the airdrop may have been designed to maximise engagement rather than offer proportional rewards.
USD1 is primarily active on the BNB Smart Chain, where it accounts for over $2.13 billion in supply.
In contrast, Ethereum hosts just $34 million worth of USD1.
The latest airdrop appears to be a strategic move to strengthen USD1’s footprint on Ethereum, where the stablecoin’s liquidity remains limited and trading is still building traction.
Despite Ethereum's smaller role, the token has gained visibility through DEXs such as PancakeSwap, which remains the leading venue for USD1 trades.
Liquidity pools such as USDT/USD1 have over $16 million in available liquidity, with meme tokens like BUILDon (B) driving activity.
World Liberty Financial reportedly raised $550 million during its token sales but now holds approximately $152 million in various digital assets.
The organisation has not clarified how the remaining funds have been used or allocated.
The WLFI token remains mostly symbolic for many small-scale buyers, often tied to support for Trump’s re-election campaign.
However, the project has also drawn in larger crypto investors, with a notable portion of USD1 now circulating across both major blockchains.
Transparency concerns remain around the structure of USD1.
Data from Dune Analytics shows two wallets control 84.4% of the stablecoin’s supply, with a third wallet holding 9.5%.
It’s unclear whether these addresses are owned by World Liberty, large investors such as Justin Sun, or third-party custodians like BitGo.
World Liberty’s ties to the Trump family have also attracted political attention.
President Trump and his three sons hold public-facing roles in the project.
Critics, including Senator Richard Blumenthal, have questioned whether the family profited significantly from WLFI.
In response, the project’s lawyers called the claim “fundamentally flawed.”
USD1’s launch in March coincided with increased political momentum around regulating stablecoins.
US lawmakers are advancing the GENIUS Act, which seeks to impose clearer standards for reserve backing and disclosures by stablecoin issuers.
According to industry data, dollar-backed stablecoins now have a combined market cap exceeding $250 billion, fuelled in part by institutional demand.
In the meantime, World Liberty Financial appears to be extending its reach.
Beyond stablecoins, its ecosystem includes ambitions for a Bitcoin ETF through Truth Social and broader multi-chain integration—signalling a push to reshape how pro-political crypto ventures operate.
In 2025, Thailand will launch a Bitcoin payment pilot in Phuket to simplify transactions, enhance visitor convenience, and boost tourism and local businesses.
CatherineChina plans to build a blockchain-powered national data infrastructure by 2029, focusing on secure data exchange and privacy protection. The initiative includes pilot projects, blockchain-based data markets, and advanced security measures, with significant investment expected over the next five years.
AnaisDonald Trump’s "Trump Bitcoin Digital Trading Cards" features 160 unique NFTs on Bitcoin, with 200 cards in total and exclusive buyer incentives. Available on Magic Eden.
KikyoVasil Tuchkov's immersive novel "It Remains" blends art, technology, and social impact by creating a post-apocalyptic world that combines a book, video game, mobile app, and blockchain. The project raises awareness about plastic pollution and homelessness while inviting the audience to engage and shape the experience.
WeatherlyThe Biden administration is set to tighten AI chip export controls before leaving office, with new regulations expected as early as Friday to restrict global semiconductor trade.
CatherineKazakhstan shut down 36 illegal crypto exchanges, seizing $4.8 million in assets, as part of a larger effort to combat financial crime. The government is also tightening regulations to prevent crypto-related money laundering and pyramid schemes.
AnaisSouth Korea’s Financial Services Commission is easing restrictions on institutional crypto trading, starting with non-profit organizations, after the Virtual Asset User Protection Act passed in 2024. The country is also planning to introduce a 20% crypto tax in 2025 and explore crypto ETFs and security tokens to boost market participation.
WeatherlyPolymarket faces backlash for enabling bets on California wildfires, raising ethical concerns over profiting from disaster. To make matters worse, the emergence of AI deepfakes further spread misinformation. Is tragedy becoming entertainment?
CatherineCircle’s $1M USDC donation joins Ripple, Coinbase, Kraken, and Ondo Finance in boosting Trump’s inaugural fund, underscoring stablecoins’ rising role in politics. With top donors securing exclusive perks, who’s next to contribute?
KikyoMastercard launched its Crypto Credential service in the UAE and Kazakhstan to simplify cryptocurrency transactions by using secure aliases instead of complex wallet addresses.
Anais