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WLFI's Dollar Printer Goes Brrr: $25M Fresh USD1 Minted, $3M Incinerated
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WLFI's Dollar Printer Goes Brrr: $25M Fresh USD1 Minted, $3M Incinerated

World Liberty Financial minted $25 million in USD1 stablecoins and torched another $3 million on Monday, netting a wholesome $22 million supply expansion as the DeFi saga continues to deliver the chaos nobody asked for but everyone expected. The move comes as WLFI scrambles to clean up after its Dolomite lending position decided to become a horror movie. The mint-and-burn combo landed just days after WLFI flexed that it paid back $25 million of the roughly $75 million it had borrowed against its own governance token—a heroic move that had squeezed Dolomite's USD1 lending pool to a meatball and left other depositors watching paint dry. The fresh $25 million in USD1 flowed out of WLFI's USD1 Mint Authority contract like water through a fire hose, with BitGo Custody holding the keys. Meanwhile, those 3 million tokens took a one-way trip to the null address—crypto's favorite crematorium—after passing through the TokenGovernor contract, the unelected bureaucrat that pulls the strings on USD1's on-chain governance. WLFI has been suspiciously quiet about why $3 million in USD1 needed an exorcism, or where the freshly minted millions are actually headed. Burning tokens instead of redeploying them is like setting fire to a pizza because you're

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Published
UpdatedApr 15, 2026, 17:33 UTC

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