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World Liberty Financial launches WLFI token buyback after 60% drop

Trump-backed World Liberty Financial will buy back its WLFI token after the price lost more than 60% this year. Funding may come from income on reserves behind its stablecoin.

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World Liberty Financial, a crypto venture backed by Trump, is starting a buyback program for its WLFI token. A buyback means a company buys its own tokens or shares on the market. The company announced the plan on Thursday.

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The move follows a steep fall. WLFI is a governance token, which gives holders a say in a project's decisions. It has lost more than 60% of its value this year.

In numbers

  • 60%WLFI loss this year

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The program would begin with an initial allocation. That money could be funded by revenue from the reserves that back its USD1 stablecoin. A stablecoin is a crypto token designed to hold a steady value, usually tied to the dollar.

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