Stablecoin projects are all competing on compliance and transparency, but honestly, the only one truly capable of "instant verification and proof" is USD1, which has effectively addressed the shortcoming of reserve proof.

USD1's real-time on-chain reserve proof is now officially live. Previously, most stablecoins in the industry were audited quarterly, and USD1 was already audited monthly—much more diligent than others. But even with monthly audits, due to the time needed for financial reconciliation, there was still about a one-month delay. Now, that delay is gone.
Using Chainlink's reserve proof mechanism, reserve data is continuously pulled from the custodian BitGo, verified, and then directly uploaded on-chain. The entire process is delay-free, requires no manual intervention, and no waiting for financial settlements. When you open the public dashboard, what do you see? The total supply of USD1 across the entire chain, total reserve backing, real-time collateral ratio—all these data are continuously updated. In simple terms, anyone can verify at any time whether USD1 is truly backed 1:1 by assets.
This increase in transparency definitely sets a new standard in the stablecoin industry. Previously, everyone could only trust audit reports; now, they can trust on-chain data—trust in two different dimensions.
USD1 launched in March 2025, with a clean issuance mechanism—user deposits mint tokens, redemptions burn tokens, with no reserved team tokens, no fancy lock-up or unlocking schemes. Every USD1 is backed by an equivalent dollar asset held in custody at BitGo, truly 1:1. BitGo