World Liberty Financial announced a WLFI buyback on November 5, potentially funded partly by USD1 reserve income. WLFI gives holders governance rights, not dividends or an income claim, so issuer purchases are the proposed route from stablecoin revenue to token demand. That improves the value-capture case only to the extent the program actually buys. Funding commitments, execution and purchase size matter more than the announcement. //zero illusion
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