Dear reader, gather ’round while I tell you about a peculiar scheme by the World Liberty Financial crew. They’ve decided to unlock 5% of their WLFI treasure chest (yes, that’s what they call it) to prop up their USD1 stablecoin. Imagine if Scrooge McDuck tried to float a raft made of pennies-it’s that kind of audacity.
- World Liberty Financial plans to rummage through 5% of its WLFI token hoard to bolster USD1’s popularity. Because nothing says “trust me” like tossing more coins at a problem.
- USD1, the seventh-largest USD-pegged stablecoin, is now the financial world’s version of a slightly squished ice cream cone-still popular, but definitely not the fanciest.
The proposal, scribbled on the World Liberty Financial governance forum (a place where logic often takes a nap), claims that flooding the market with more USD1 will somehow turbocharge demand for WLFI services. They wrote this with the confidence of someone who’s never seen a market crash.
“Success of USD1 directly strengthens WLFI,” they declared, as if the universe owes them a favor. “Adoption expands the footprint, utility, and economic activity of the entire WLFI ecosystem!” Cue the sound of crickets-because that’s the only thing expanding right now.
The extra USD1 will be used to charm “high-profile CeFi and DeFi partnerships”-read: celebrity finance parties and decentralized tea dances. They’re desperate to keep up with the big kids (USDT and USDC), but let’s be honest, USD1 is the kid who forgot to do their homework and brought a popsicle to the science fair.
WLFI holders, bless their hearts, will gain “governance power over a larger, more valuable network.” Translation: you get to vote on whether the company burns more cash. If approved, the 5% treasury raid would tap into $120 million-enough to buy 120 million lollipops, or one very expensive goldfish.
Stakeholders can now vote “for,” “against,” or “abstain,” which sounds like a game show with higher stakes than a game show. The team’s also rolling out a crypto-linked debit card compatible with Apple Pay. Because nothing says “financial revolution” like paying for lattes with a token tied to a former president’s ego.
USD1 has stretched across multiple blockchains like a cat in a hammock-Ethereum, BNB Chain, Solana, TRON, etc. But here’s the kicker: most of its supply is stashed offshore, and they haven’t released a reserve report since July. Sounds like a treasure map with the X replaced by a question mark.
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2025-12-18 10:45