NYDIG analysts question the transparency of the reserve report for the Trump family's stablecoin USD1

ChainCatcher news, according to Coindesk, the transparency and quality of the reserve proof report for the stablecoin USD1 issued by the crypto company World Liberty Financial, which is deeply involved with the Trump family, has been called into question.

NYDIG analysts pointed out that although USD1 claims to be fully backed 1:1 by cash equivalents such as U.S. Treasury bonds, the current proof report released does not meet industry-leading transparency standards and requires further improvement. Previously, due to Trump's political influence and his family's close financial ties to the company, the USD1 project has raised serious concerns among U.S. senators regarding conflicts of interest and national security risks.