Trump-affiliated World Liberty Financial plans loyalty points program for USD1 stablecoin users
Quick Take World Liberty Financial is launching a loyalty points program for its USD1 stablecoin with selected partners. The program aims to reward users who hold, trade, and stake USD1 with an airline miles-style incentive model.
Trump family-backed DeFi project World Liberty Financial unveiled plans on Thursday for a USD1 points program to reward its stablecoin users, starting with a select group of crypto exchange launch partners.
"Loyalty programs fuel many iconic American brands — from airline miles to hotel points," the project posted on X. "We're bringing a similar model to crypto to reward our esteemed users."
While stablecoins are the driving force behind crypto adoption, powering trading, payments, and DeFi, users rarely see direct rewards for the activity, World Liberty Financial said, something the USD1 points program seeks to address.
Users can earn points by trading USD1 pairs on partner exchanges, holding USD1 balances, staking USD1 for yield, using it in approved DeFi protocols, and interacting with the WLFI mobile app, the project explained. Specific partner rules for trading and holding will be provided, point calculations may differ based on platform integrations, and the criteria may also evolve as the network expands, it said.
World Liberty Financial has yet to confirm a launch date for the program, though crypto exchange Gate was the first to announce it is collaborating on the initiative, offering additional points on limit orders. Gate Labs said it has not participated in any investment in World Liberty Financial or its USD1 token.
Launched in April, World Liberty Financial claims its USD1 stablecoin is backed entirely by short-term U.S. government treasury, U.S. dollar deposits, and other cash equivalents, issued by BitGo Trust Company.
Trump's crypto support
Under President Trump's open support, dollar-backed stablecoins have been booming with institutional and retail interest, recently crossing $250 billion in total market capitalization.
However, the Trump family's involvement in World Liberty Financial has also raised concerns of possible conflicts of interest, with Trump and his three sons each holding ambassadorial or advocate roles for the project.
In June, World Liberty Financial began airdropping USD1 to around 85,000 WLFI governance token holders to promote the recently launched stablecoin, while expressing gratitude to supporters of the project. Last month, WLFI holders voted to unlock the tokens to make the asset tradable for the first time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UK weighs tokenized gold reforms – Here’s why the timing matters for crypto
As Anthropic proposes the "AI slowdown theory," AI commercialization is accelerating! From model development to financial advisory, the benefits of AI agents are being realized at a faster pace.
Anthropic is simultaneously advancing frontier AI risk governance and the commercialization of enterprise AI applications, competing with leading AI application rivals such as OpenAI for AI monetization.
BTC, ETH, XRP, ZEC consolidate near highs as breakout levels approach
As chip stocks plummet, "cybersecurity software" surges across the board, CrowdStrike and Palo Alto Networks hit new highs
CrowdStrike surged 13.8% in a single day to a record high, while Palo Alto Networks soared 13%. The software ETF outperformed the semiconductor ETF by more than 10 percentage points in a single day, marking the largest gap in history. Analysts believe that regardless of the pace of AI development, security demand will only continue to rise. Capital is accelerating its rotation from computing hardware to security software, with segments such as identity management and data governance expected to benefit first.
Crypto prices
More
