Don't Trust, Verify.
This is the industry principle that the director has kept in mind since entering the field.
Recently, USD1's questionable actions have made the director doubt life again and again, as the industry continues to progress (or regress):
1. USD1 parachuted into the top 50 on CMC, with an issuance of $2.1 billion, Bsc issuance of $2.1 billion, the top holder accounting for 94%, Eth issuance of $15 million, with less than 500 users.
2. The website link points to WLFI, but no information about USD1 asset proof can be found, even AI can't find any related information.
3. HTX LIST USD1 (on ethereum)/USDT trading pair.
4. ListaDAO supports staking USD1 to borrow WBNB and BTCB.
Without asset proof, 3 and 4 directly connect air stablecoins and crypto liquidity. Can this really be done? The moment the director's BTC was transferred to BSC and became BTCB, it felt diluted...
Friends mock OG for not keeping up with the times, BlackRock will lead the crypto world to victory, and now even the Trumps are bringing blessings. Begging for scraps may be disgraceful, but at least there's a chance to get a piece of the leftovers.
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