Trump-affiliated USD1 has $0 in excess reserves
The report by BitGo notes that all of USD1’s reserves are in the Fidelity Investments Money Market Government Portfolio—Institutional Class.
Bitcoin24h
$121,046.82+2.77%
Ethereum24h
$3,044.35+2.98%
XRP24h
$2.93+5.33%
BNB24h
$695.06+1.17%
Solana24h
$167.19+3.66%
Dogecoin24h
$0.2045+2.85%
TRON24h
$0.3025+0.06%
Cardano24h
$0.7613+5.59%
Hyperliquid24h
$49.65+4.35%
Stellar24h
$0.5017+17.54%
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Circle dragged for dragging feet as DeFi protocol GMX hacked—by Protos Staff
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DWF Labs-backed USDf depegs as red flags raised over quality of backing—by Protos Staff
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Crypto star GCR allegedly front-ran Teeka Tiwari’s picks, Binance listings—by Protos Staff
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Bitcoin and M2: A link that falls apart on close inspection—by Protos Staff
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Bitcoin dev Jon Atack got arrested in El Salvador this weekend—by Protos Staff
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Early miner could be behind sudden $8.6B bitcoin move—by Protos Staff
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Trump-affiliated USD1 has $0 in excess reserves—by Protos Staff
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Michael Saylor keeps diluting MSTR holders after preferred sale flops—by Protos Staff
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Has the bitcoin treasury company bubble popped?—by Protos Staff
