WLFI mints 25 million new USD1 units and burns 3 million units, for a net increase in circulating supply of 22 million units

GateNews
WLFI3.88%
USD1-0.02%

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.

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