House Oversight Committee May Investigate World Liberty Financial as Early as February 2027, USD1 Supply Drops to $3.63 Billion

Odaily reports: DeFi project World Liberty Financial stated it will use funds including fees related to USD1 stablecoin reserves to buy back WLFI tokens, but did not disclose the specific amount, timeline, or burn commitment. The circulating supply of USD1 currently stands at approximately $3.63 billion, down from about $4.43 billion in late September and a peak of about $5.39 billion in February.

The House Oversight Committee may launch an investigation into World Liberty Financial as early as February 2027. Congressman Robert Garcia is expected to serve as chairman of the committee. (Bitcoin.com News)