USD1 Compliance Under Debate Amid Claims of Malicious Attack

USD1 in Controversy: Compliance Claims vs Attack Allegations

Recently, an alleged member of the WLFI Wallet team, Dylan_0x (@0xDylan_), posted on X claiming that USD1 stablecoin is under a coordinated attack.

They emphasized that USD1 is fully compliant and all assets are backed 1:1, suggesting the allegations are baseless.

Market Reaction and Community Debates

The post sparked widespread discussion in the crypto community. Some supporters expressed trust in the transparent collateral system, while critics questioned the lack of independent audit reports.

• Supporters claim USD1's collateral system is transparent and compliant.
• Critics are calling for more audit evidence.
• Some analysts believe such claims could be a form of market manipulation.

As of now, no official statement has been released by the team, and the situation remains ongoing.