World Liberty Financial Launches WLFI Token Buyback Program

World Liberty Financial, a cryptocurrency venture co-founded by Donald Trump and his sons, launched a buyback program for its WLFI governance token on Thursday. The company intends for these buybacks to be a permanent part of its operational strategy to encourage governance participation and increase voting power for long-term holders.

The initiative follows a period of significant volatility for the token, which has decreased in value by more than 60% since the start of the year. Most recently, the token saw a 10% decline following the Republican Party's weaker-than-expected performance in the U.S. midterm elections.

Funding for the program comes from an initial allocation that may include revenue from reserves backing the company's USD1 stablecoin.