Israel's raid on Iran, the account has been bombed again, #BTC plummeted from 66,000+ to penetrate 63,000, mainstream coins collectively washed out 6%–10%, the entire network saw a short-term liquidation exceeding 200 million USD, blood flowed like a river.
This extreme market situation is essentially a simultaneous stampede of emotions and liquidity. Fortunately, last week I already converted most of my positions to #USD1.
In this kind of volatility, at least I don't have to passively bear the risk.
The reason I have the confidence to continue holding positions is that #USD1 has truly moved the "reserve proof" on-chain, and it is real-time.
This may seem like just a data panel, but it carries significant meaning. The trust in stablecoins in the past was mostly built on "periodic disclosures":
monthly reports, quarterly audits, where users could only passively accept information, and there was always a time lag.
Now this logic has been rewritten. USD1 directly makes core data such as total supply, reserve size, and collateral ratio public, which can be checked at any time.
Plus, with assets managed in compliance by @BitGo, WLFI
@worldlibertyfi backing it, the underlying structure is relatively clear, with transparent information + clear custody, making judgments more grounded.
This is the first time stablecoins have made reserve proof "real-time verifiable",
turning what originally relied on trust into transparent information that can be confirmed by oneself.
Ultimately, what stablecoins compete with is never yield, but certainty.
In this kind of market, being stable is itself an advantage.
