The usd1/usdt exchange rate just hit a low of 0.9802, dropping due to market rumors. Checked out usd1's monthly BitGo reserve proof, and the latest data is from the end of December 2025: Redeemable USD1 circulation: $3.31 billion Reserve assets available for redemption: $3.31 billion Assets-liabilities difference: $16,647 The reserve composition mainly includes: Bank current/deposit accounts: $498 million Government money market funds: $2.81 billion If the reserve proof can withstand auditing, usd1 likely won’t have major issues. But if there’s a problem with the reserve proof, then it’s hard to say. USD1 WLFI