World Liberty Financial announced on Thursday that it will initiate a buyback strategy for its WLFI governance token. Funding for the purchases could stem from revenue generated by the reserves backing its USD1 stablecoin as well as other sources. The decision comes after the asset fell roughly 10 percent following the Republican Party's weaker-than-expected midterm performance. Co-founded in 2024, the enterprise includes Donald Trump and his three sons, who collectively hold a 38 percent ownership stake.
Key points
Long-term holders are expected to receive increased voting power and greater encouragemen…: Long-term holders are expected to receive increased voting power and greater encouragement to participate in governance.
The Trump family retains a 38 percent ownership stake in the cryptocurrency venture and e…: The Trump family retains a 38 percent ownership stake in the cryptocurrency venture and earns platform revenue.
Leadership plans to maintain the token buybacks as an ongoing strategy to counter extende…: Leadership plans to maintain the token buybacks as an ongoing strategy to counter extended market valuation declines.
Sources checked by our analysis pipeline: 1
Nov 5 : Trump-backed cryptocurrency venture World Liberty Financial said on Thursday it was launching a buyback programme for its WLFI governance token, funded by an initial allocation that could include revenue generated from reserves backing its USD1 stablecoin and other sources.
The announcement comes after the WLFI token came under pressure following the Republican Party's weaker-than-expected performance in this week's US midterm elections.
The token has fallen about 10 per cent since the vote and is down more than 60 per cent so far this year, according to CoinMarketCap.com.
The company said the program is intended to encourage participation in WLFI governance and increase voting power among long-term token holders. It added that token buybacks are intended to become an ongoing part of its strategy.
World Liberty was co-founded in 2024 by President Donald Trump, his three sons and a group of partners. The Trump family owns 38 per cent of World Liberty and makes money through the sale or use of its crypto tokens, the $WLFI governance token and USD1 stablecoin.
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