2 weeks ago
WLFI’s USD1 Launches Real-Time Proof of Reserves Using Chainlink and BitGo
StablecoinsBitGo custodyChainlink oraclesonchain verificationstablecoin transparencyUSD1 real-time proof of reserves
TLDR: USD1 now updates reserve backing every second, eliminating reporting gaps found in quarterly and monthly attestations. Chainlink oracles pull BitGo custody data onchain to show live supply, reserves, and collateralization ratios. The open-source dashboard allows any user to verify backing without paid tools or private access. Real-time proof of reserves shifts stablecoin transparency from [...]
The post WLFI’s USD1 Launches Real-Time Proof of Reserves Using Chainlink and BitGo appeared first on Blockonomi.
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