The risks of $USD1 mainly involve liquidity issues

1. Too concentrated: Ninety percent of the supply is on Binance. I believe in Binance's structure, but if something goes wrong, liquidity becomes a major problem.

2. The subsidy ends on February 20, and it's uncertain whether there will be new activities afterwards. Everyone is thinking about running away (referring to the first phase of the activity, where less than half the time saw a significant pullback in USD1's price).

3. Narrative: Political branding + exchanges throwing money won't retain real users.

When the activity ends

1. The artificial demand for USD1 will be gone; coupled with such high concentration, the risks of volatility and pullback will significantly increase.

2. wlfi: Current liquidity cannot withstand a selling pressure of 40 million dollars in a month, and the real yield will also be an issue by then.

But I have to say, Trump's operation of exchanging air tokens for US dollars is really impressive.