Isn’t Verified a feature to (supposedly) attest someone identity instead of attesting the trueness of their tweets?

For my understanding the purpose was to help newcomers to distinguish @realDonaldTrump with @veryRealTrump. It is supposed to prevent impersonating, but that’s just a shift of trust from your own judgement to the Twitter chosen fraud algorithm or whatever method they choose. Can’t see how 10$ add more credibility.