Organize the funds, there are still over 10,000 u in an exchange, directly withdraw and exchange it for #usd1 to manage finances, I envy the KOLs who can receive advertisements in this market while I can only rely on #usd1 for financial management to survive.
I dare say that the families participating in #USD1 's financial management have more or less benefited, especially in the first phase, which was truly a big leg of chicken. The operations after decoupling also set a good example for the industry, allowing everyone to see the true stablecoin.
— Speak with real reserves
— Win trust with extreme transparency 🉐
— Provide a sense of security to every holder
— Make the entire sector pay more attention to real transparency
— Becoming more standardized
A few days ago, it briefly dropped to $0.98, and the official said someone was causing trouble: hacked the founder's account + spread negativity + opened shorts. Fortunately, it was just a liquidity shock, but it bounced back in half an hour, which is much stronger than the algorithmic stablecoin crash back in the day.
Moreover, it directly provided real-time on-chain reserve proof, with total supply, reserves, and collateral ratio available for checking anytime. BitGo custody + 100% US Treasury cash reserves, this is indeed solid.
In summary, #USD1 has brought the transparency of stablecoins to a new height, with real reserves + real-time verifiability being the key.