Gate News message: On April 13, according to Arkham data, World Liberty Financial (WLFI) newly minted 25 million USD1 via BitGo Custody and burned 3 million USD1 through the TokenGovernor contract, resulting in a net increase of 22 million USD1 in circulation. The issuance size matches the previously disclosed amount for loan repayment. Previously, WLFI borrowed stablecoins by pledging governance tokens on Dolomite, and the USD1 lending pool utilization once neared 100%, affecting user withdrawals.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle CEO Predicts China Could Launch Yuan Stablecoin Within 3-5 Years
Circle CEO Jeremy Allaire forecasts that China may introduce a yuan-backed stablecoin in three to five years as digital currencies gain traction. This aligns with China's efforts to internationalize the renminbi, despite previous cryptocurrency restrictions.
GateNews1h ago
Sun Yuchen Attacks WLF Management Over Four-Year Lock-up, Confirms Normal Relations with Trump Family
Sun Yuchen, founder of Tron, has criticized WLF's management for requiring a four-year lock-up for early investors, claiming both he and the Trump family were deceived by misconduct within the team. He maintains a normal relationship with the Trump family.
GateNews2h ago
Lido's LDO Token Surges 30% in Monthly Rally as DAO Approves $20M Buyback Program
Lido's governance token LDO has gained 30% in 30 days, driven by a $20 million buyback program, while major DeFi competitors declined. Despite the rally, LDO remains down 94% from its peak.
GateNews9h ago
World Liberty Financial Proposes Restructured Vesting for 62.28B WLFI Tokens With Up to 4.52B Burn
World Liberty Financial proposed a governance restructuring affecting 62.28 billion WLFI tokens, including a potential burn of up to 4.52 billion tokens for eligible holders. The plan aims to align governance participation over two years, amid concerns about token unlocks and governance transparency.
GateNews11h ago
Circle Issues 250M USDC on Solana
Gate News message, April 16 — According to Whale Alert, Circle has minted 250 million USDC on the Solana blockchain.
GateNews13h ago
Solana and Ripple's 'XRP' Posts Highlight $100M Wrapped XRP Integration
Solana's recent post about "XRP" led to Ripple's reply, influencing XRP's price. This comes amid the launch of wrapped XRP on Solana through Hex Trust and LayerZero, attracting significant liquidity, highlighting an evolving collaboration in the crypto space.
GateNews16h ago
