USD1 takes a small step for the dollar, a big step for stablecoins.

The stablecoin industry has always had a core issue: transparency. Just like in previous years when news of USDT's collapse would surface annually, causing panic. If real-time public verification were possible, those unknown fears could be eliminated.
Although USD1 has already conducted monthly audits, ahead of many institutions, there is a critical flaw—lag time. By the time the report is released, the asset structure is already outdated. The real risks of stablecoins often occur within days or even hours, not at the end of a quarter.
This time, USD1 has pushed this issue forward: real-time on-chain reserve proof.
Chainlink CRE continuously pulls encrypted reserve data signed by the custodian BitGo, automatically verifies it, and writes it on-chain. No manual intervention, no waiting for accounting settlements—it's accessible at any time.
Now, you can see: USD1's total supply, total reserve size, real-time collateralization rate. The code is open source, so anyone can verify it by running it themselves. The significance of this isn't just adding another dashboard, but moving stablecoin transparency from periodic disclosures to real-time transparency, raising the industry standard 👍