WLFI and USD1 have always been endorsed by the Supreme Leader and his family.
Is there enough negative news about the Supreme Leader and his family at the moment?
To be blunt: Is it possible for the president to run away before the term ends?
No.
A few days ago at Mar-a-Lago, there were CEOs from the New York Stock Exchange and NASDAQ, the chairman of Goldman Sachs, big brother from Binance, the owner of Coinbase, and the newly appointed chairman of the CFTC along with many other big shots.
They all clearly support WLFI, USD1, and the vision of stablecoins.
If one big shot fails, will so many big shots fail?
No.
The only institutional investment of 2 billion USD that Binance previously accepted was paid in USD1.
What does that represent? Do I need to say more?
No.
It was announced long ago, with a complete minting and redemption mechanism.
Minting requires users or institutions to deliver US dollars to a designated regulatory entity, and then the WLFI protocol will generate an equivalent amount of USD1 on the chain.
Users or institutions return it to the issuer for destruction, and then the issuer releases an equivalent amount of US dollars from the reserves.
This path was disclosed at the beginning of the launch; I saw it back then.
Haven't the relevant minting and destruction details been disclosed before?
Announced very early.
In summary: buy the dip, invest, go all in $USD1 .