Trump Family-Linked USD1 Stablecoin Adds Live Reserve Tracker
World Liberty Financial rolled out a real-time, on-chain proof-of-reserve system for its $4.7 billion USD1 stablecoin after a recent security breach and a brief de-pegging to about $0.994 that sparked market panic. The move marks a shift from the protocol’s monthly attestation reports toward continuous transparency.
The upgrade integrates the Chainlink Runtime Environment to continuously pull, validate, and write reserve data from custodian BitGo. USD1 users can now view total supply, reserve backing, and a live collateralization ratio across five networks, including Ethereum, Solana, and BNB Chain, and the dashboard confirms $4.7 billion in short-term U.S.
government treasuries and cash equivalents at BitGo. Industry analysts say the dashboard improves visibility but retains important gaps. The continuous feed does not show the immediate liquidity profile of the underlying assets during a bank run and does not eliminate vulnerabilities tied to smart contracts or executive security practices.
United States
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