World Liberty Financial Token Crashes 66% — Trump-Backed Venture Launches Emergency Buyback

World Liberty Financial, a cryptocurrency venture backed by former U.S. President Donald Trump, announced on Wednesday that it plans to buy back its own token following a steep 66% year-to-date decline. The buyback is intended to stabilize the token's value and may be funded using fees generated from reserves of the project's USD1 stablecoin, according to a company statement.

The token's sharp slide reflects broader volatility in the crypto market and growing scrutiny of Trump-affiliated digital asset projects. World Liberty Financial, which launched earlier this year, has positioned its USD1 stablecoin as a key revenue source. The buyback program aims to boost governance participation by reducing token supply and potentially increasing holder influence. However, details on the buyback's size, timeline, and exact funding mechanism remain unclear.

The announcement comes as regulators and investors increasingly examine the intersection of politics and crypto. While the buyback could restore some confidence, analysts caution that relying on stablecoin fees may not provide a sustainable long-term solution. Market watchers will be closely monitoring whether the move stabilizes the token's price and whether other Trump-backed ventures face similar pressures. World Liberty Financial has not yet responded to requests for further comment.