USD1 fell as low as $0.994 (0.6% below peg) before recovering to around $0.998
The project claims hackers compromised cofounder accounts, paid influencers to spread fear, and opened short positions on WLFI in an attempt to trigger panic and profit from volatility
Developers credited USD1's dollar-for-token redemption feature with helping maintain confidence and prevent a deeper or prolonged depeg, underscoring how direct convertibility remains critical to stablecoin resilience
Consenus Hong Kong Lookback
We spoke with Terence Kwok, founder of Humanity Protocol, about why Proof of Trust matters for the future of the Internet
