Trump-backed World Liberty Financial plans token buyback after 66% year-to-date slide
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World Liberty Financial, the Trump-backed crypto venture, plans to buy back its WLFI token using fees generated from reserves backing its USD1 stablecoin, aiming to bolster governance participation after the token fell 66% year-to-date. The move ties the token's support to revenue from the stablecoin business rather than new capital, though the company did not disclose the size or timing of the purchases. WLFI's slide reflects broader pressure on governance tokens, and the buyback is intended to shore up holder incentives as the venture leans on USD1 for growth. What to watch next: whether the buyback is formalized with specific funding targets and whether USD1 reserve fees prove large enough to sustain purchases.
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Named in this story
World Liberty Financial, USD1, Donald Trump