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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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Trump's Cryptocurrency Project: This Coin-Focused Airdrop Plan Seems to Be Getting Approval! - Coin Bulletin
World Liberty Financial announced the initiation of a voting process for the distribution of a small amount of USD1 stablecoin to WLFI token holders, stating that this step is planned to test the distribution systems.
The cryptocurrency project World Liberty Financial, supported by U.S. President Donald Trump, has initiated a snapshot vote to implement the proposal to distribute USD1 stablecoin to WLFI token holders announced last month. It was stated that the main purpose of this distribution is to test the airdrop function on the Ethereum mainnet.
In its latest statement, the company said, "Testing the airdrop mechanism in a real environment is a necessary step to ensure the functionality and readiness of the smart contract. This distribution will also serve as a meaningful way to thank our earliest supporters and introduce them to USD1."
The overwhelming majority said "Yes"
At the end of the first eight hours of voting, the proposal received overwhelming support; 2.6 billion votes were cast in favor with 99.97(%, while approximately 901,400 votes were cast against. The voting process is scheduled to end on May 14. World Liberty stated in the proposal, "Even if approved, World Liberty Financial, Inc. reserves the right to stop, suspend, modify, or terminate the test airdrop at any time and to impose additional eligibility requirements."
Founded last September, World Liberty has generated 550 million USD in revenue from its two WLFI token sales to date.
)# USD1 stablecoin and political discussions
World Liberty confirmed its plan to issue the USD1 stablecoin in March and announced that this digital currency would be fully backed by short-term U.S. Treasury bills, U.S. dollar deposits, and other cash equivalents. The project has since continued to promote the stablecoin through various channels and partnerships. The Abu Dhabi investment company MGX also announced last week at the Token2049 Dubai conference that it would use USD1 to close its $2 billion deal with the Binance cryptocurrency exchange.
However, the stablecoin launch of the project connected to Trump has been put under review by U.S. Democratic Senators, and concerns have been raised about potential conflicts of interest for President Trump. On Tuesday, Democratic House members boycotted a planned session on the regulation of the crypto industry due to tensions regarding Trump's potential conflicts of interest in the crypto space.
On the official website of World Liberty Financial, President Donald Trump is listed as the "chief crypto advocate," while his sons Eric Trump, Donald Trump Jr., and Barron Trump are mentioned as members. However, the project's technical document states that members of the Trump family are not involved in managing or owning the WLFI project.