Last night, USD1 briefly reached 0.98, and everyone in the group was saying that Eric from Lianchuang deleted a tweet, which would lead to a crash. After verifying, I found it to be pure FUD.

USD1 is a compliant stablecoin backed 1:1 by US dollars and government bonds, with a robust redemption mechanism, and is definitely not the type of algorithmic coin that can easily crash. Seeing Teacher Vida directly bottoming out at 6 million USD confirmed that someone was maliciously driving the price down. Sure enough, USD1 quickly returned to 1 dollar.

The official statement released at dawn confirmed: hackers stole Lianchuang's account to delete posts and create panic, while also cooperating with WLFI's short-selling. Essentially, someone announced an investigation, leading the market to react + the account being hacked, which triggered emotional selling.

But the core facts are very clear:

1. The contract wallet reserves are safe.

2. The 1:1 collateral can be redeemed normally.

3. It's not an air coin or an algorithmic coin. Last night, many people were panicked and sold at a loss, but I stayed calm and avoided a disaster.

@worldlibertyfi @DonaldJTrumpJr