Key Takeaways
- Over $50 million in crypto was sent to Aave by World Liberty Financial.
- WLFI raised $550 million across more than 85,000 participants
- USD1 is now the fifth most valuable stablecoin with a $2.18 billion market cap.
World Liberty Financial Project has sent millions worth of crypto to Aave.
USD1 has officially debuted on another WLFI backer, the TRON (TRX) blockchain.
Money Movements
According to data gathered by OnChain Lens, the WLFI project has sent over $50 million worth of crypto to DeFi protocol and partner, Aave, supplying 7,900 Ethereum (ETH), 162.69 Wrapped Bitcoin (WBTC), and 5,010 Staked Ethereum (stETH).
Following the deposit, WLFI borrowed $7.5 million in Tether (USDT) via the Aave V3 platform, which was sent to a wallet on BitGo.
Aave is one of WLFI’s first and foremost partners, and this recent development coincides with the founder of Aave’s parent company recently attending the White House to discuss protecting domestic DeFi innovation.
In addition, WLFI continues to extend the presence of its newly launched USD1 stablecoin by minting 1,000 USD1 tokens onto the TRON blockchain.
At present, USD1 stablecoin commands a market cap of $2.18 billion, ranking it fifth amongst stablecoins and 46th overall.
47 USD1
According to on-chain data, WLFI has officially begun distributing its USD1 stablecoin in batches of 47 to WLFI presale token holders.
This comes several weeks after the community voted 99.96% in favor of the proposed airdrop, which aims to reward early backers and test its technology.
Although 47 USD1 may seem like an arbitrary figure, it’s a small nod to Donald Trump being the 47th U.S. President.
The GENIUS Act and Stable Act, two sweeping pieces of stablecoin legislation, are currently going through rounds of amendments and votes.
Trump and his family’s promotion of WLFI and USD1 has publicly blurred the lines, though politicians such as Elizabeth Warren are pushing back.
USD1 Expands
As per the exchange’s blog, WLFI’s USD1 stablecoin is available for spot trading against leading stablecoin, Tether (USDT), as of May 26, 2025.
This is the second major exchange to list the Trump-linked crypto project’s stablecoin following Binance.
USD1 has also begun expanding its DeFi presence, and recently went live on algorithmic money market platform, Venus Protocol.
This was then followed by DeFi platform Dolomite, which made USD1 the primary stablecoin of their Ethereum Mainnet liquidity pool.
The developments follow a WLFI community vote to have a fixed sum of USD1 tokens dropped to the project’s early backers. No date has been confirmed yet.
Binance Listing
As per the latest announcement from Binance, World Liberty Financial’s USD1 stablecoin will be listed on May 22, 2025, and will only be tradeable against the Tether (USDT) stablecoin.
On May 15, WLFI concluded its governance proposal vote to airdrop USD1 tokens to early backers, with 99.96% voting in favor of the move.
Though WLFI has yet to distribute tokens, the Binance listing has sparked hope that it could happen soon.
Before the listing, WLFI and Binance struck a deal to leverage USD1 in a $2 billion deal between the exchange and a UAE-backed investment firm.
This resulted in the token’s market cap exploding to over $2.12 billion; it has since risen slightly to $2.15 billion, ranking it as the 5th largest stablecoin by market cap.
Airdrop Details
According to the proposal, the USD1 airdrop will take place on the Ethereum network.
Every wallet holding WLFI tokens will be eligible for the airdrop regardless of the amount.
However, since WLFI is not currently tradable or listed on any exchanges, the airdrop will apply only to wallets that participated in the project’s $550 million token sale.
The proposal also includes a noteworthy clause stating:
“Even if approved, World Liberty Financial, Inc. reserves the right to discontinue, suspend, modify, or terminate the test airdrop at any time as well as to establish any additional eligibility requirements.”
USD1, the stablecoin being distributed, will be backed by U.S. dollars, cash equivalents, and U.S. Treasuries. It will be minted on the Ethereum network, though WLFI also plans to mint the coin on Binance’s BNB Chain.
There is currently no indication that BNB Chain will be involved in the test airdrop.
Perfect Timing
WLFI stands to win big from Donald Trump’s pro-crypto policies, aside from creating a Bitcoin Strategic Reserve and appointing crypto backers to vital positions of power within his administration.
The big win for WLFI is Trump’s executive order to ban central bank digital currencies (CBDCs), which has effectively paved the way for the GENIUS stablecoin bill to rapidly advance through Congress.
If passed, the GENIUS Act would clarify the crypto space, open up new revenue streams, create jobs, and further promote global U.S. dollar dominance.
This shift in sentiment has been so profound that Tether (USDT), the largest stablecoin issuer in the world, is now considering creating and launching a stablecoin exclusively for the U.S. market.
Unfortunately, there are concerns about conflicts of interest as the Trump family is set to receive 75% of all WLFI revenues.
In addition, Trump’s pro-crypto agenda will only serve to bolster WLFI’s market position, and it’s unlikely they’d want to implement policies that jeopardize these aims.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
