World Liberty Fi, a crypto project supported by the Trump family, has garnered attention with its recent announcement of the launch of its USD1 stablecoin. However, this launch has raised eyebrows as it occurred without any on-chain vote or governing proposal—a process typically central to the decentralized nature of crypto projects, where token holders vote on key decisions.
This decision has sparked debate over the project’s commitment to decentralization, with critics suggesting that the governance is being controlled by insiders rather than the broader community of token holders. If significant moves like the issuance of a stablecoin can happen without a vote, questions are being raised about the true role of the WLFI token in the project’s governance structure.
Many users have voiced concerns about the utility of the WLFI token, which, as of now, remains non-tradable on any exchanges and lacks tangible use cases. Some have also questioned the purpose of the $580 million raised through the WLFI token sale, with the project’s core team yet to provide clear answers about how the funds are being utilized.
Between October 2024 and January 2025, World Liberty Fi raised over $550 million from the WLFI token presale, drawing participation from more than 85,000 investors. The initial goal was to raise $300 million by selling 20 billion WLFI tokens at $0.015 each, but the overwhelming demand led to an extension and the sale of an additional 5 billion tokens at $0.05 in January 2025. Despite this strong investor interest, the launch of USD1 without the usual governance procedures has left WLFI token holders questioning whether their investment will have any influence on the project’s direction.
As USD1’s launch promises to expand the project’s ecosystem and attract more users, the lack of transparency and governance involvement has eroded confidence among investors who feel their tokens have little influence in shaping the project’s future.
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