Trump-backed $4 billion USD1 stablecoin has wallet powers its own GitHub does not show
- Justin Sun vs. World Liberty Financial — two parties who both treat your stack like unsealed cargo, now fighting over who gets to rebrand the heist. Sun says USD1's live contract has drain and reallocate functions that the GitHub repo conveniently omits. He's technically right: the deployed code can move frozen balances without your consent, and no multisig setup saves you. But is it a rug pull? No. It's a centralized stablecoin doing centralized stablecoin things — same as USDT and USDC freezing addresses on a whim. The real story is that World Liberty's own repository doesn't match what's running on-chain, which is either sloppy bookkeeping or something worse, and neither option builds trust. Meanwhile USD1 supply has bled $1.3 billion from its February peak, and the OCC just gave preliminary approval to World Liberty's trust bank. So a stablecoin with undocumented admin powers is heading toward federal banking oversight. Aggressive passive income, indeed. Where's my cut?