Ondo Finance Brings Tokenized U.S. Stocks, ETFs to Ethereum for Overseas Users
World Liberty Financial’s WLFI token, promoted by Donald Trump’s family, stumbled after its launch on Binance and Coinbase.
The price sat about 25% below its opening level, putting the market value near $4.5 billion. Hours before trading, the issuer said 25 billion tokens would circulate, far above the ~5 billion some traders expected.
To stabilize the market, the team burned 47 million WLFI, about $11 million at recent prices, and proposed destroying WLFI collected as fees to reduce supply over time.
This news is powered by CryptoCompare 
