EL7.AI
CryptoMedium•6 November 2026•
4 min read

World Liberty Launches WLFI Buyback Program, Potentially Funded by USD1 Reserve Returns

Key Facts

1WLFI has fallen about 10% since the U.S. midterm elections and more than 60% since the start of the year, according to CoinMarketCap data cited by Reuters.
2USD1’s circulating supply stood at about $3.63 billion on November 6, compared with about $4.43 billion in late September and a peak of about $5.39 billion in February.
3The initial buyback allocation may include revenue from USD1 reserves and other sources, with no amount or timeline specified.
4Rep. Robert Garcia’s Oversight Committee could open investigations into the company as early as February 2027, according to Bitcoin.com News.

World Liberty Financial announced a program to buy back its WLFI governance token, funded by an initial allocation that may include revenue from USD1 stablecoin reserves and other sources, Reuters reported. The company said the purchases are intended to encourage participation in token governance and increase holders’ voting power over the long term. It added that buybacks are expected to become an ongoing part of its strategy. The announcement did not specify the initial allocation’s value, a purchase timeline or a commitment to burn tokens after acquiring them, according to Bitcoin.com News. The program thus forms part of a stated effort to support governance, while implementation details remain unspecified.

The announcement comes as WLFI has fallen since the U.S. midterm elections, declining about 10% since the vote and more than 60% since the start of the year, according to CoinMarketCap data cited by Reuters on November 5. That performance gives the buyback plan added significance for token holders, as the company links token purchases to strengthening long-term participants’ weight in governance decisions. But the announcement did not tie the program to a specific price level or set a purchase pace or the expected effect on supply. The company also did not say how much revenue could be allocated from USD1 reserves. The published information includes no commitment to burn purchased tokens, leaving the program’s effect on supply unresolved.

USD1’s circulating supply stood at about $3.63 billion on November 6, down from about $4.43 billion in late September and below its February peak of about $5.39 billion, according to DeFiLlama data cited by Bitcoin.com News. The decline in supply provides financial context for the possibility that stablecoin reserve revenue could be used to buy back WLFI, but the company has not disclosed a specific share of that revenue or the amount allocated. The stablecoin’s official page says USD1 is redeemable one-to-one for U.S. dollars and backed by dollars and U.S. government money market funds. The page says BitGo and affiliates of World Liberty Financial LLC are entitled to interest earned on reserve assets under agreements between them. It also says the stablecoin is fully backed by U.S. cash, government money market funds and other cash equivalents, and that reserve reports are issued monthly.

The program has a precedent in governance discussions within the project. A proposal published on the official governance forum on September 1, 2025, called for all fees generated by protocol-owned liquidity to be directed toward buying WLFI on the open market and permanently burning it. The proposal described this as an ongoing strategy if approved. In a later proposal dated December 17, 2025, the team recommended using a limited allocation of unlocked treasury tokens to support partnerships and expand USD1 adoption. These proposals provide context on the use of fees and treasury funds in project discussions, while the current announcement differs in linking the potential initial allocation to USD1 reserve revenue and other sources. The current announcement disclosed no further financial details or commitment to burn tokens.

The announcement coincides with the prospect of political scrutiny of the project in Washington. Bitcoin.com News reported that Rep. Robert Garcia’s Oversight Committee could open investigations into the company as early as February 2027. On ownership, Reuters reported that the Trump family owns 38% of World Liberty and earns revenue from sales and use of WLFI or USD1. The company was founded in 2024 by President Donald Trump, his three sons and partners, Reuters reported. The prospect of investigations places the buyback program within a broader context of political interest in the project, while the team has announced no start date for purchases or further allocation details. The company’s latest stated aim is to encourage governance participation and strengthen holders’ long-term voting power, with the intention of making the program an ongoing part of its strategy.