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
$119,647.41+1.85%
Ethereum24h
$2,996.15+1.80%
XRP24h
$2.87+4.20%
BNB24h
$691.55+0.77%
Solana24h
$163.77+1.79%
Dogecoin24h
$0.2007+1.89%
TRON24h
$0.3006-0.47%
Cardano24h
$0.7545+5.74%
Hyperliquid24h
$49.31+3.86%
Stellar24h
$0.5062+24.20%
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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
