World Liberty Financial to Distribute $1.2 Million in WLFI Tokens to Early Users of USD1

World Liberty Financial (WLFI), a cryptocurrency initiative linked with US President Donald Trump, is distributing 8.4 million WLFI tokens valued at approximately $1.2 million to early participants of its USD1 stablecoin loyalty program.

The airdrop will benefit users who signed up for the USD1 Points Program, which commenced two months ago to facilitate the use of World Liberty’s US dollar-backed stablecoin. Participants accrued points through trading USD1 pairs on allied exchanges and maintaining balances.

“The criteria and eligibility for earning points and rewards and distribution details may vary based on each exchange’s rules,” the company stated in a recent post on X.

The initial WLFI token distribution is set to take place across six exchanges: Gate.io, KuCoin, LBank, HTX Global, Flipster, and MEXC. Eligibility and rewards will vary by platform.

WLFI announces airdrop to early USD1 users. Source: WLFI

Expansion of the Points Program

World Liberty intends to broaden the points program to encompass more venues, integrate decentralized finance, and introduce additional earning and redemption opportunities. “This is only the beginning,” the company added.

USD1, offered by World Liberty Financial and managed by BitGo, holds the position of the sixth-largest stablecoin globally, with a market capitalization of $2.94 billion, as reported by CoinMarketCap.

Earlier this year, Eric Trump disclosed that the Abu Dhabi investment firm MGX would utilize USD1 to settle its $2 billion investment in Binance, marking the exchange’s inaugural institutional investment.

As per CoinMarketCap, WLFI is currently trading at $0.14, reflecting a 0.5% decline over the past 24 hours, and down nearly 70% from its all-time high of $0.46 stated in September.

WLFI token down over 53% since its launch. Source: CoinMarketCap

Profits from Trump’s Cryptocurrency Ventures

Trump’s second term aligns with a significant boost in his wealth, largely attributed to the family’s cryptocurrency endeavors. A recent investigation by the Financial Times revealed that Trump’s crypto business has generated over $1 billion in pre-tax profits in the last year.

World Liberty Financial has played a pivotal role in this financial gain. Trump reported an income of $57.4 million from the company in June. Their stake has soared to $5 billion following a token unlock, with estimates suggesting they earned $550 million from WLFI alone this year.

Additionally, the Trump family has reaped profits from their branded memecoins, Official Trump (TRUMP) and Official Melania Meme (MELANIA), which together earned around $427 million. Furthermore, their USD1 stablecoin has accrued $42 million in profits since April.

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