World Liberty Financial Starts WLFI Buyback Funded by USD1 Reserve Income

Cointime update: World Liberty Financial, the Trump-family-backed DeFi project, said on Nov. 6 it has launched a WLFI token buyback, with initial funding that may come from fees earned on USD1 reserves — interest on the stablecoin’s Treasury and cash holdings. No amount, timeline or burn commitment was disclosed. USD1 circulation is about $3.63 billion, down from roughly $4.43 billion in late September and a peak of about $5.39 billion in February; WLFI trades near $0.0476.