WLFI Recasts 25 Million USD1 to Repay Dolomite Loan and Alleviate Pool Crisis

According to Arkham data, World Liberty Financial (WLFI) has newly minted 25 million USD1 via BitGo Custody and burned 3 million through the TokenGovernor contract, resulting in a net increase of 22 million in circulation. The scale of this issuance aligns with the previously disclosed loan repayment amount.

Previously, WLFI borrowed stablecoins on Dolomite using its governance token as collateral, causing the utilization rate of the USD1 lending pool to approach 100% at one point, which affected user withdrawals.