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In my opinion, the value of @FIH_USD1 lies not in innovation, but in restraint.
It does not attempt to reinvent stable mechanisms, but chooses the most traditional path
Dollar reserves, government bond backing, compliant custody.
This choice may seem conservative but brings a sense of scarcity and credibility.
After the market experiences enough volatility, users begin to reassess what the underlying assets truly are.
Stability, in turn, becomes the most important characteristic.
So looking at USD1, it is more like cash on the chain rather than a financial product.
@Galxe @GalxeQuest @easydotfunX @wallchain @TermMaxFi