I said today why the price of USD1 rapidly returned to normal; the reason is that the lock-up period has been extended + destruction, and market confidence has begun to recover. However, if you ask me why many friends believe that USD1 and $WLFI have a positive correlation?
After all, the asset of USD1 is the U.S. Treasury bonds that are under custody. Although it's all part of the Trump family's business, USD1 should have been on a different path from WLFI from day one.
If USD1 is going to face a collapse, it should have no direct relationship with WLFI. A true collapse would either be due to the custodian bank going bankrupt, but there would be claims for compensation, or there is not enough collateral, which would lead WLFI to effectively drop to zero, but that shouldn't have a direct impact on USD1.
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