World Liberty proposes using 5% of treasury to boost its stablecoin
World Liberty Financial proposes using 5% of its WLFI token treasury, about $120 million, to increase the supply and adoption of its USD1 stablecoin.Summary
Trump family-backed World Liberty Financial has proposed allocating 5% of its WLFI token treasury, equating to approximately $120 million at current prices, to expand the supply and adoption of its stablecoin, USD1. The proposal, posted on the governance forum, aims to spread USD1 use cases across high-profile CeFi and DeFi partnerships to capture more value within the WLFI ecosystem. The team argues that increased USD1 circulation will drive demand for WLFI-governed services and integrations. The WLFI token treasury holds nearly $2.4 billion, with 5% representing about $120 million. The stablecoin, launched in March, is currently the seventh-largest USD-pegged stablecoin with a market cap of $2.74 billion, and this injection aims to help it compete against larger rivals like PayPal's PYUSD. Community reaction to the proposal is currently mixed.
(Source：Cointelegraph)