World Liberty Financial Distributes $47 in USD1 to Token Sale Participants
World Liberty Financial distributed $47 worth of its USD1 stablecoin to wallets that participated in its WLFI token sale. This move coincides with the stablecoin's expansion across blockchains via Chainlink’s CCIP integration.
- USD1 is pegged to the U.S. dollar and backed by Treasuries and fiat reserves.
- The market cap of USD1 is $200 million, smaller than Tether's USDT and Circle's USDC.
- The stablecoin plays a role in MGX's $2 billion investment into Binance.
- The payout has increased engagement among holders and generated social media discussions.
- World Liberty Financial plans to launch its own crypto wallet in the coming months.