World Liberty Financial to distribute 8.4 million WLFI for early USD1 adopters

World Liberty Financial announced the distribution of 8.4 million WLFI governance tokens to reward users who were early adopters of its USD1 stablecoin points program, which launched two months prior to incentivize trading and holding USD1.

The initial WLFI distribution will occur across six exchanges: Gate.io, KuCoin, LBank Exchange, HTX Global, Flipster, and MEXC, with specific timing and allocation criteria determined by each exchange. World Liberty indicated that the WLFI points program will continue to expand with new USD1 initiatives, trading pairs, DeFi integrations, and broader reward opportunities.

World Liberty Financial's USD1 stablecoin, custodied by BitGo, is currently the world's sixth-largest stablecoin with a market capitalization of $2.98 billion. The company is also actively working on real-world asset tokenization and plans to launch its own debit card in late 2024 or early 2025.

(Source：The Block)