Binance is extending its promo programme for a Trump family-backed stablecoin as Democrats mount fresh attacks against the crypto industry. The promo programme will extend until March 20 and reward participants with WLFI tokens issued by World Liberty Financial, the crypto venture run by Donald Trump’s sons. In December, Binance launched a programme aimed at promoting the use of USD1, World Liberty Financial’s dollar-pegged stablecoin. It offered up to 20% yield on USD1 holdings of up to $50,000 for the exchange’s clients.
The new promotion extends that programme. Binance’s promo begins just two days after World Liberty Financial gathered a star-studded lineup of crypto and finance superstars. Customers who hold the stablecoin on their Binance accounts will be airdropped a proportion of the total 235 million WLFI rewards pool over the next month. Binance also custodies 76% of all USD1 tokens in circulation, Arkham data shows.
USD1 has surged 50% over the past month to become the fifth-largest stablecoin by circulation, with over $5 billion issued, according to DefiLlama data. The promotion unfolds as Democrats step up scrutiny of the crypto industry, underscoring the broader regulatory and political context facing exchange promotions.
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