Foresight News|Apr 13, 2026 12:58
[WLFI Issues 25 Million USD1 After Repaying $25 Million Loan, Net Circulation Increases by 22 Million Tokens]
Foresight News reports, according to Arkham data, World Liberty Financial (WLFI) minted 25 million USD1 today via BitGo Custody while simultaneously burning 3 million tokens through the TokenGovernor contract, resulting in a net circulation increase of 22 million USD1 tokens. The minting amount matches the loan repayment amount WLFI announced a few days ago.
Previously, WLFI used a large amount of governance tokens as collateral to borrow stablecoins on the DeFi lending protocol Dolomite, causing the USD1 lending pool on the platform to reach nearly 100% utilization, preventing other depositors from withdrawing funds normally. WLFI has not disclosed the reason for the token burn or the specific purpose of the newly minted tokens.
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