CoinDesk
CoinDesk
X-3.12%
USDT+0.82%
USDC+0.03%

World Liberty Financial, the Trump family-backed crypto firm, just dropped $47 worth of its USD1 stablecoin to each wallet that participated in its WLFI token sale.

The move comes as USD1, which is pegged to the U.S. dollar and backed by Treasuries and fiat reserves, expands across blockchains as result of Chainlink’s CCIP integration.

USD1’s market cap sits at $200 million — still small compared to Tether’s USDT or Circle’s USDC but notable given the Trump connection and the token’s use in MGX's $2 billion investment into Binance.

A $47 payout is unlikely to be a life-changing amount for token holders, but it has been enough to engage holders and bump social chatter around the project on X.

As such, the transfer comes as World Liberty Financial gears up to launch its own crypto wallet in the coming months, as reported Tuesday.

The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.