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#BTC The DeFi initiative related to the Trump family, World Liberty Financial (WLFI), plans to distribute a new stablecoin among its community as part of testing its airdrop system.
Following the announcement of the upcoming stablecoin USD1, which the project claims is backed by reserves in US dollars, cash equivalents, and short-term government securities, World Liberty is preparing an airdrop for current holders of WLFI.
The exact number of tokens that will be distributed will depend on the number of eligible wallets and the allocated budget for the project.
According to the team, this test series aims to validate the functionality of the smart contracts behind the airdrop system, while also providing early supporters with a first look at USD1.
Ripple acquired an institutional broker in a deal worth over $1 billion
The effort is marked both as a technical test and as a gesture of gratitude towards the community.
Although Donald Trump is not officially part of the company's management or staff, World Liberty lists him as its "chief crypto advocate." In addition, the draft revealed that DT Marks DEFI LLC – a company linked to Trump and his relatives – owns a significant stake in WLFI and is entitled to receive a portion of the fees associated with it.