#数字资产动态追踪 About the Risks of USD1

Recently, I’ve seen quite a few discussions in the community about whether USD1 will lose its peg. I want to approach this question from a different perspective.

Let me start with a straightforward conclusion: the moment USD1 truly loses its peg, it’s very likely the same moment that $BTC breaks through 1 million. Sounds contradictory? Actually, it’s not.

Many people think USD1 is "as stable as a rock," but this perception has a significant blind spot. USD1 itself is indeed designed to be quite robust; from a technical standpoint, there’s almost no possibility of an immediate crash. But that doesn’t mean there’s no risk.

Look at $ETH—its code issues won’t make it disappear out of nowhere, but risks still exist. USD1 is the same way.

In simple terms, where does the biggest risk of USD1 come from? It’s from those key decision-makers. The founders’ ideas, their next moves, their level of control over the protocol—these are the real factors that can influence the project’s direction.

Some issues appear to be technical on the surface, but deep down, they are human issues.

If you’re interested, I’ll later discuss in detail the two core risk points behind this.