Post
纱织沛沛
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Will USD1 explode?
$USD1
Having been in the crypto circle for a long time, almost everyone instinctively becomes wary of the three words 'stablecoin'. It's not that they don't understand the technology, but they've seen too many similar collapses: UST, USDD, Iron, and countless projects that have long been forgotten. They all once had seemingly perfect models, reasonable returns, and were even hailed as the paradigm of the next generation of stablecoins.
Until the market finally pierced through the truth:
These projects are not solving the stability issue at all, but rather taking stability for granted as a premise.
It is also because of this history that when the market started discussing USD1, many people's first reaction was: Will it repeat the mistakes of UST?
Having been in the crypto circle for a long time, almost everyone instinctively becomes wary of the three words 'stablecoin'. It's not that they don't understand the technology, but they've seen too many similar collapses: UST, USDD, Iron, and countless projects that have long been forgotten. They all once had seemingly perfect models, reasonable returns, and were even hailed as the paradigm of the next generation of stablecoins.
Until the market finally pierced through the truth:
These projects are not solving the stability issue at all, but rather taking stability for granted as a premise.
It is also because of this history that when the market started discussing USD1, many people's first reaction was: Will it repeat the mistakes of UST?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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