I know the account has been dreadful these days. I wasn't planning to check the exchange, but after finishing my work, I couldn't help but pay attention to the market. I can only say, let's hang in there! Fortunately, it bounced back a little last night!

Then I noticed that the various rules for posting seem to have changed, and I haven't fully grasped them yet. I'll just wait for someone to take the lead. I guess I'll just stick to doing what I'm supposed to do!

With this wave of market changes, everyone should have a deep understanding: the most frustrating thing in the circle is never the price fluctuations, but the uncertainty of the assets in hand.

Especially with stablecoins, there's fear of de-pegging and fears that reserves are a black box. Even the official audit reports, by the time you get them, are already outdated information. Throughout, we can only rely on the three words 'trust the officials'.

This time, the new message released by @worldlibertyfi has directly raised the transparency of stablecoins to a new level—the reserve proof of USD1 has officially upgraded to real-time verifiable on-chain.

Let me simply analyze it myself:

In the past, stablecoins typically released audit reports monthly or quarterly, leaving gaps of information and trust in between;

Now USD1 is cooperating with Chainlink to pull reserve data in real-time from the compliant custodian BitGo through oracles, automatically verifying and putting it on-chain, with zero human intervention and zero time delay. The reserve status is updated in real-time 24/7, and information can be checked anytime, anywhere.

I just checked the official page for the latest data: the total reserve is approximately 4.712 billion USD, with a total supply of about 4.712 billion USD1 tokens, maintaining a collateral ratio of 100%. The reserve also intentionally left a margin to cope with extreme market conditions, and all related code is open-sourced on GitHub, allowing anyone to check and verify freely, just to give everyone peace of mind.

In fact, everyone understands that in the end, stablecoins are not about fancy plays, but about 'stability' and 'certainty'. Otherwise, why are they called stablecoins?

In the past, you had to gamble on whether the official statement was the truth, but now the power of verification is directly in your hands. You no longer need to trust anyone; on-chain data can be checked anytime.

Market fluctuations are temporary, but this transparency and sense of security is the real confidence that can be held onto. This operation not only reassures users but also sets a new benchmark for the entire stablecoin industry. I hope there will be more good news in the future; let’s keep an eye on it!

Alright, that's all for today! Thank you for reading!