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World Liberty Financial launches a WLFI buyback program after the midterm selloff
Summary
Trump-backed World Liberty Financial said it is launching a buyback program for its WLFI governance token, funded by an initial allocation that could include revenue from reserves backing its USD1 stablecoin and other sources, Reuters and CoinDesk reported.
The company said on X that buybacks are intended to become an ongoing part of its long-term strategy, with pace and scale guided by ecosystem growth and governance participation, aiming to put more voting power with committed long-term holders, CoinDesk said.
CoinDesk said WLFI fell about 10% after the midterms and more than 66% year to date; Reuters, citing CoinMarketCap, said the token was down about 10% since the vote and more than 60% so far this year—year-to-date figures differ by source.
CoinDesk noted this is not the venture’s first repurchase effort: in April it disclosed $65.6 million in open-market buybacks over the prior six months, and the firm still faces Justin Sun’s request for court sanctions in a lawsuit over roughly four billion frozen WLFI tokens.
Key facts
- Reuters / CoinDesk: World Liberty Financial announced a WLFI governance-token buyback program; funding may include revenue/fees from USD1 stablecoin reserves and other sources.
- CoinDesk: Company said on X buybacks will be ongoing, with pace/scale guided by ecosystem growth and impact on governance participation; goal is more voting power for long-term holders.
- Outlet note: CoinDesk cites >66% YTD decline and ~10% post-midterm drop; Reuters (CoinMarketCap) cites >60% YTD and ~10% since the vote—YTD figures disagree by source.
- CoinDesk: April disclosure showed $65.6M open-market buybacks over prior six months; Justin Sun sought court sanctions the day of the vote over ~4B frozen WLFI tokens.
- Reuters: World Liberty co-founded in 2024 by President Trump, his three sons and partners; Reuters said the Trump family owns 38% of World Liberty.