World Liberty Financial proposed using 5% of WLFI token treasury to boost USD1 stablecoin supply. The move aims to increase USD1 adoption, create value opportunities, and expand partnerships in CeFi & DeFi. The proposal is live for voting, with mixed community reactions leaning slightly against it.

WLFI token, launched in September, allocated nearly $2.4 billion to the treasury, with a 5% unlock worth around $120 million. The proposal offers three voting options: for, against, or abstain. Community responses are divided. USD1 stablecoin, launched in March, has a $2.74 billion market cap, ranking seventh among USD-pegged stablecoins.

The 5% treasury unlock could fuel USD1 growth, but it faces tough competition. Sixth-placed PYUSD from PayPal has a market cap $1.1 billion higher than USD1. World Liberty Financial is seeking to increase USD1 adoption and market share to compete with established stablecoins.

Read more at Cointelegraph: World Liberty Financial Proposed Using 5% Of Treasury To Grow USD1