Andrei Grachev, founder of DWF Labs, sought to reassure investors regarding the USDf stablecoin, which is reported to be 89% collateralized by BTC and other stablecoins, representing a total collateral value exceeding 565 million USD.
Fears around USDf are heightened by the acceptance of volatile tokens, including Official Trump (TRUMP), as collateral. This practice recalls past issues with other stablecoins that faced de-pegging and insolvency threats.
The USDf stablecoin recently traded at 0.99 USD, highlighting market concerns. DWF Labs and World Liberty Fi utilize various cryptocurrencies, such as AVAX, MOVE, and SEI, to support USDf, but the clarity on collateral remains vague.
Leave a Reply