USD1 was once a top 5 stablecoin. Since the midterms it has dropped -$760M (-20%) in 10 days, shrinking every single day while USDT and USDC fell 2-3%. The obvious read is political risk. Imo it isn't a strong enough stablecoin to hold its place with more scrutiny likely ahead. https://t.co/AddY1UESSS