World Liberty Financial (WLF), the Trump-family backed Web3 project in the U.S., has announced rewards for the early adopters of its USD1 stablecoin. As part of this initiative, WLF plans to distribute 8.4 million WLFI governance tokens worth $1.2 million through an airdrop process.
Announcing the development on Tuesday, October 29, WLF said those who earned points for maintaining USD1 balances or those who used USD1 pairs to drive $500 million of growth in the last two months will qualify for the reward airdrop of WLF tokens.
WLF had first launched this USD1 Points Program in August to encourage more people to engage with the stablecoin through select exchanges including KuCoin, HTX, MEXC, and Gate among others.
“From Day One, the USD1 Points Program aimed to redefine how users are recognized for driving the adoption and use of a top 10 stablecoin,” the official X handle of WLF said in a statement.
In the coming days, the WLFI points program is slated to continue expanding with new trading pairs and more ways to use USD1, DeFi integrations, and broader reward opportunities for driving use cases.
After bring listed on exchanges like Binance in August, the WLF token has amassed a valuation of $3.8 billion. As per CoinMarketCap, the WLFI token is presently trading at $0.152.
As far as USD1 is concerned, it has been in the headlines since its launch on Solana this year in March. Data by CoinMarketCap shows that 2.93 billion USD1 tokens are presently in supply with slightly over 516,000 holders.
The WLF is now incentivizing USD1 holders hoping to expand its usership. The stablecoin has secured a listing on Binance after U.S. President Donald Trump pardoned the exchange founder Changpeng Zhao in a policy violation case from 2023.