Quote from: Wetfinex on Today at 08:10:58 PM

I view $USD1 with a certain level of caution. First, any stablecoin that claims to be “fiat-backed” but doesn’t provide clear and transparent information about its reserves is already a risk. Second, the association with a political figure like Trump automatically brings additional risks from regulatory pressure to reputational instability. We’ve already seen similar “hyped” initiatives launch with big promises and end either in collapse or legal trouble.

Yes, it is very similar to so many silver or gold backed coins that appeared throughout the years. For something like that to truly work, it must be transparent at every step of the way. There is no room for any excuses or delays in the transparency of the backing, as that is usually a bad smell indicating that something is wrong. In any case, you are much safer using very proven stablecoins like USDT than something new and that risky.

Quote from: kotajikikox on Today at 09:18:16 PM

If you are hoping to make significant profit I honestly don’t understand going for a stablecoin. Especially one that is launched by a political family. I can understand if you just wanna use a token or coin for some profit making but I don’t know if this specific one will be the best option. Still, it’s your own choice but I don’t see the purpose of this coin let alone if it’s for profit making.

You can make good returns in DeFi using stablecoins. If you have a lot of money, this is the better course of action and lower risk than gambling in different projects.