In an April 20 statement on X, WLFI pointed out that the stablecoin is one of the fastest-growing in the market, noting that the asset is “backed 1:1 by USD and US Treasuries.”
Other significant holdings include $33.85 million in AETHWETH, $32.8 million in USDC, and $21.46 million in AETHWSTETH, alongside smaller positions in AETHWBTC, Tron, Mantle, U, and WhiteRock.
The project explained that while stablecoins are essential for trading, payments, and DeFi activity, “users rarely see direct rewards for driving adoption.”
By introducing the Points Program, WLFI aims to compensate those contributing to the stablecoin’s growth directly.
These initiatives are expected to increase market adoption of USD1.
