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Trump Family-Backed World Liberty Financial Just Sent Everyone a (Small) Stimulus Check
WLFI token holders received $47 worth of the dollar-pegged USD1.
What to know:
- World Liberty Financial, backed by the Trump family, airdropped $47 worth of its USD1 stablecoin to each participant in its WLFI token sale.
- USD1, pegged to the U.S. dollar and backed by Treasuries, is expanding across blockchains with Chainlink’s CCIP integration.
- Despite its small market cap of $200 million, USD1 is gaining attention due to its association with MGX's $2 billion investment in Binance.
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.
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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.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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