We appreciate the initiative to list USD1, and are actively reaching out to the USD1/BitGo team to obtain additional information we believe is material to a safe onboarding. In particular, we are seeking clarity on reserve composition and proof-of-reserves, mint/redemption eligibility, explicit redemption guarantees and potential freeze conditions, liquidity and GTM plans outside the initial Binance mint, the status of audits/bug bounty and multisig governance, as well as the relationship between USD1 and WLFI. We will share our findings with the community as soon as they are available so that delegates can evaluate the asset with full context.
We encourage the USD1/BitGo team to reach out to us directly and without delay to facilitate this due diligence process and minimize onboarding friction.