USD1: The world's first 'real-time on-chain reserve proof' stablecoin
Previous stablecoins, while claiming to have 'sufficient dollars/government bonds as reserves', did so in a very traditional manner:
🔹Every month/quarter, an accounting firm would issue a report
🔹You had to trust they weren't lying
🔹And it wasn't real-time; by the time the report was out, it might have been too late
USD1 directly upgraded this set of rules:
🔶All reserve data is written directly on the chain
🔶Updated in real-time, not a second delayed
🔶You can check their website anytime to see:
🔸How many USD1 tokens have been issued in total, total supply
🔸How much real reserve capital is behind it
🔸Real-time collateral ratio, for example, if the reserves are 105% of the issuance, it indicates over-collateralization and high security
This is the first time in the history of stablecoins! Never before has any stablecoin dared to put 'reserve proof' on the blockchain and make it publicly available in real-time.
☀️ The biggest fear for stablecoins is 'insufficient reserves' or 'black box operations'. USD1 lays all data out in the open, allowing you to verify it yourself at any time.
On-chain proof: https://por.worldlibertyfinancial.com/
#USD1 #WLFI
Previous stablecoins, while claiming to have 'sufficient dollars/government bonds as reserves', did so in a very traditional manner:
🔹Every month/quarter, an accounting firm would issue a report
🔹You had to trust they weren't lying
🔹And it wasn't real-time; by the time the report was out, it might have been too late
USD1 directly upgraded this set of rules:
🔶All reserve data is written directly on the chain
🔶Updated in real-time, not a second delayed
🔶You can check their website anytime to see:
🔸How many USD1 tokens have been issued in total, total supply
🔸How much real reserve capital is behind it
🔸Real-time collateral ratio, for example, if the reserves are 105% of the issuance, it indicates over-collateralization and high security
This is the first time in the history of stablecoins! Never before has any stablecoin dared to put 'reserve proof' on the blockchain and make it publicly available in real-time.
☀️ The biggest fear for stablecoins is 'insufficient reserves' or 'black box operations'. USD1 lays all data out in the open, allowing you to verify it yourself at any time.
On-chain proof: https://por.worldlibertyfinancial.com/
#USD1 #WLFI