USD1 Terms
This primary source from BitGo supports 3 claims across 3 ledger entries.
All sources · Open original source
Claims supported by this source
- 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 provisionsForeign Capital Through USD1 — Audit finding · Cited analysis
- factreported
MGX announced that it would use USD1 to settle a $2 billion investment in Binance.
Issuer definition; reserve custody; user interest and return provisionsForeign Capital Through USD1 — The record · The record
- 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 provisionsForeign Capital Through USD1 — Affected group · Affected group