Trump-Linked World Liberty Financial proposes using WLFI treasury to boost USD1 stablecoin
Summary
World Liberty Financial (WLFI), a DeFi company associated with Donald Trump's family, has submitted a governance proposal to allocate a small portion of its unlocked WLFI token treasury to promote the adoption of its dollar-pegged stablecoin, USD1. The proposal recommends using less than 5% of these holdings to fund incentives and partnerships focused on USD1 usage across selected centralized and decentralized finance platforms. USD1 has rapidly grown to nearly $3 billion in total value locked within six months. The team argues these targeted incentives are necessary to maintain momentum in the competitive stablecoin market, noting that increased USD1 circulation drives demand for WLFI-governed services and increases the value of the network for WLFI token holders. Any deployment will be publicly disclosed, and the use of WLFI tokens will not alter USD1's core mechanics.
(Source:CoinDesk)