Tiny Red HandsBack

USD1 Terms

This primary source from BitGo supports 3 claims across 3 ledger entries.

All sources · Open original source

Claims supported by this source

  1. analysisdocumented

    The foreign transaction path and reserve scale are documented, but the $2 billion was investment principal paid to Binance, not WLF revenue, and public evidence does not establish the allocation of reserve yield or fees to WLF or Trump.

    Issuer definition; reserve custody; user interest and return provisions

    Foreign Capital Through USD1 — Audit finding · Cited analysis

  2. factreported

    MGX announced that it would use USD1 to settle a $2 billion investment in Binance.

    Issuer definition; reserve custody; user interest and return provisions

    Foreign Capital Through USD1 — The record · The record

  3. factdocumented

    BitGo's current USD1 terms identify BitGo as the issuer, require segregated reserve assets for USD1 users and state that users are not entitled to reserve interest or returns.

    Issuer definition; reserve custody; user interest and return provisions

    Foreign Capital Through USD1 — Affected group · Affected group