2026-01-17 17:26:38

There is a well-known saying in the crypto world—surviving is always more important than making money. And to survive, the first step is to see through what appears to be a perfect story and understand what pitfalls are hidden behind it.

USD1 is currently very popular, but I have to tell the truth.

First, let's talk about regulatory risks. Yes, it is compliant now. But policies are changeable. If one day the US suddenly enacts stricter laws, or the issuer World Liberty Financial is exposed to have reserve issues— or even just rumors— the credibility of USD1 could collapse overnight. Everyone remembers how USDT and USDC went through trust crises. De-pegging is not impossible, just a matter of time.

Then, there's the inherent flaw of centralization. The fate of USD1 is entirely controlled by a centralized team. Hacks, internal problems, government sanctions— any of these could be fatal. Your USD1 could be frozen directly, or even become worthless. This is fundamentally different from decentralized Bitcoin, but many people choose to forget that selectively.

Don't forget the invisible killer—liquidity. As a new type of stablecoin, its depth in some small exchanges or DeFi liquidity pools is simply not enough. When the market truly crashes, do you think you can quickly cash out a large amount of USD1 for 1 USD? Sorry, you might not be able to sell it, or you might have to sell at a discount.

LISTA's trouble is a bit different—it faces growing pains. Collaborations with traditional institutions, obtaining various regulatory licenses... these are all long processes. Any delay in one link can impact market expectations.

USD10,01%

BTC6,07%

LISTA5,1%

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Layer3Dreamer

· 01-18 09:54

theoretically speaking, if we model USD1's reserve verification through a ZK-proof lens... the centralization vector here is basically a recursive vulnerability waiting to cascade. one regulatory fork and boom—entire state collapses. USDC learned this the hard way

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DataPickledFish

· 01-18 05:54

It sounds ridiculous. Why should we trust a new coin? I'm already hesitant about the liquidity. --- No one can predict the de-pegging event. The shadow of USDT is still there. --- Centralization is the original sin. What if it gets frozen? --- Compliance ≠ permanent safety. Policies can change and cause everything to collapse. --- The more stablecoins there are, the more dangerous they become. Let's just watch and see. --- It's more troublesome on LISTA. Waiting for documents can take forever. --- There are no perfect projects in the crypto world. The routines are all the same, just the outer shell differs. --- Forget it, it's more reliable to hold some BTC. --- I've been burned by the liquidity pit of new coins before. I won't trust them anymore. --- Trying to quickly sell a large USD1? Dream on, there's not enough depth.

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BearMarketBuyer

· 01-17 17:56

The de-anchoring risk is an old story, the key issue is that liquidity is really insufficient. I’ve looked at several new coins before; they all performed very strongly initially, but when it was time to sell... they just dumped. --- Centralization is truly an original sin. Bitcoin doesn’t have this problem, but people pretend not to see it. --- Policies can change at any time. If reserves are compromised, confidence collapses instantly. I was so scared during the USDT scare that my hands trembled. --- The path to regulatory licensing is too long. Will LISTA last until that day? Hard to say. --- Just surviving is good enough; still trying to make money. --- Lack of liquidity is unavoidable for new coins. When the moment to dump arrives, you can’t sell anything. --- Now, compliance and policies can change by next year. The tricks in the crypto world are that deep. --- Hacks, freezes... the fate of centralized stablecoins. --- I really don’t dare to touch small exchanges’ liquidity; the risk is too high.

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Degentleman

· 01-17 17:50

Another story of a new coin, it sounds pretty good. But when the day of trouble actually comes, there are always more people running away than getting scammed. --- I wouldn't be surprised if USD1 gets de-pegged that day; stablecoins are basically a joke. --- Lack of liquidity depth is the real killer; retail investors always find out last. --- Centralized teams controlling life and death? That's no different from a casino. --- LISTA is still slowly on the road to getting approval; the market has already moved on. --- Basically, it's betting that policies won't have issues, but policies never listen to retail investors' opinions. --- No one dares to guarantee regulatory risks; compliance today doesn't mean tomorrow. --- Only when the crash really happens will you understand what "can't sell" means—that feeling...

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TokenomicsShaman

· 01-17 17:47

Honestly, de-pegging is really just a matter of time. Another new stablecoin, and we're supposed to start trusting centralized teams again? Forget it. Insufficient liquidity is the real horror. USD1 may be popular, but the inability to cash out is the real flaw. I doubt LISTA; licensing is something we can't afford to delay. Compliance ≠ Security; too many people get this wrong. A collapse overnight is not something we've never seen in the crypto world. Centralized stablecoins themselves are a paradox; stop fooling yourself. The key issue is whether the reserves can be thoroughly verified. The real way to survive is to avoid those new concepts and just hold your coins honestly.

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APY_Chaser

· 01-17 17:45

It's the same argument of "hidden pitfalls behind perfect stories," and while it's not wrong, those who truly dare to all-in still go all out. The de-anchoring risk definitely exists, but the problem is that most stablecoins can't escape this fate. Liquidity is the key point; for small-cap tokens, cashing out during a collapse is really just a dream. No matter how strong the USD1 trend is, it can't change the original sin of centralization. We understand these principles, but no one really dares to fully avoid them.

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