Trump-backed World Liberty proposes using 5% of WLFI treasury to boost USD1 growth
Summary
World Liberty Financial, a DeFi project reportedly backed by the Trump family, has proposed allocating up to 5% of its unlocked WLFI token treasury to fuel the growth and adoption of its stablecoin, USD1. Launched in March, USD1 has achieved a market capitalization near $3 billion. The proposal suggests deploying these tokens to support selected CeFi and DeFi use cases through targeted incentives, with all partners being clearly disclosed. The initiative aims to position USD1 as a stronger competitor in the crowded stablecoin market, as growth in USD1 usage directly benefits the WLFI network by expanding economic activity and strengthening governance value for WLFI holders.
(Source:Crypto Briefing)