Regardless of whether this panic originated from @zachxbt’s warning, USD1 is a compliant, asset-backed stablecoin—it’s easier to understand if someone dumps a meme coin like $Wlfi. Maybe the market is just so tense that everyone’s seeing threats everywhere 😂😂😂 Too bad the drop wasn’t deeper—if it had depegged by 10% or more, like USDC did before, it would’ve been more satisfying.
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