Last night, I saw everyone sharing that the founder Eric deleted his tweets and it might cause a storm. Subsequently, USD1 briefly lost its peg and fell to 0.98, it's a bit regrettable that I didn't take advantage of it.
Actually, when you think about it, it's clear that big player Vida bought the dip with several million dollars. USD1 is a compliant stablecoin backed 1:1 by US dollars and government bonds, with a robust minting and redemption mechanism, so there is no need to worry at all. Later, the official account released a statement confirming that hackers stole the founder's account to delete posts and create panic, while also coordinating with WLFI short positions for harvesting.
Personally, I believe this FUD actually made everyone believe in USD1 even more. With a size of 5 billion dollars, it returned in just a few minutes, which is more convincing than any promises in white papers.
#WLFI #USD1 @worldlibertyfi @DonaldJTrumpJr
