How safe is the USD1 stablecoin? Will holding it result in principal depreciation? Recently, I've seen many people discuss this project and want to understand how it actually operates. If anyone has used it, please share your experience, especially regarding risk prevention and control.

USD10.11%
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RugDocScientistvip
· 4h ago
Stablecoins are essentially a confidence game. I haven't paid much attention to USD1, but as long as it's not entirely decentralized, centralized risks are always there. I've heard too many projects boast about their risk control only to end up failing; the key question is, how do you verify their authenticity? Holding any asset definitely involves risks; there's no such thing as absolute safety. The main thing is how transparent the scheme is.
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LightningPacketLossvip
· 4h ago
Stablecoins are really about the transparency of reserves. I haven't looked into USD1 in detail, and it doesn't seem to be very popular either. --- Principal shrinking? Don't be silly. The collapse of stablecoins has happened before, so we still need to verify their actual asset situation. --- For those who have used it, speak honestly—are you planning to run or stay? --- Compared to USDC and USDT, how much less safe is this thing? It feels like new projects all carry some risk. --- I want to ask who their risk control team is—that's the most critical part. --- I don't trust these new stablecoins. I'd rather stick with the mainstream ones. --- USD1? I've never even heard of this coin haha. The lower topic popularity actually makes people more uneasy. --- The key is whether there is a third-party audit. Without it, any promises are just empty words.
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fomo_fightervip
· 5h ago
Stablecoins, to put it simply, depend on the assets backing them. I haven't used USD1, but you need to clearly understand what their actual reserves are.
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FadCatchervip
· 5h ago
Honestly, I haven't touched USD1 before. With such high discussion, it feels a bit suspicious... The biggest risk for stablecoins is decoupling, everyone knows that, right? I've heard about some risks a few times, but no one has clearly explained when it actually exploded... Vote with your feet; good liquidity is the real safety. The risk control for this type of project is generally similar, so you still need to be more cautious yourself.
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