World Liberty Financial Announces WLFI Buyback Program

World Liberty Financial announced on November 6 a program to repurchase its WLFI governance token, saying it may use fees generated by reserves backing its USD1 stablecoin, along with other sources. The project did not disclose an initial dollar allocation or a detailed purchase schedule, leaving the program’s scale and timing undetermined. The company said the buyback is intended to support the WLFI ecosystem and governance. A separate account of the announcement said the project also aims to encourage participation and benefit long-term holders. World Liberty Financial has said buyback activity will be reported publicly, but no transaction record in the reports confirms that purchases under the new program have begun. USD1’s circulating supply was reported at about $3.63 billion, down from roughly $4.43 billion in late September and a February peak of about $5.39 billion. The figures indicate a smaller supply than at those earlier points; the amount of reserve-fee income available for purchases was not disclosed. WLFI was trading near $0.0476 on November 6. One market analysis identified resistance levels around $0.0482 and $0.0488, with support near $0.0447 and $0.0435. It...