NYDIG questions reserve reporting transparency of Trump family stablecoin USD1
2025-10-05 14:10:51
The transparency and quality of the proof of reserve report for the stablecoin USD1, issued by World Liberty Financial, a crypto firm in which the Trump family is deeply involved, has been called into question. NYDIG analysts pointed out that while USD1 claims to be fully backed 1:1 by cash equivalents such as Treasuries, its current proof report does not meet industry-leading transparency standards and needs to be further improved. Previously, the USD1 project has raised serious concerns among US senators about conflicts of interest and national security risks due to Trump's political influence and his family's close financial ties to the company.
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