The stablecoin sector has always been one of the important infrastructures in the crypto field, and a recent dark horse - USD1, has become the focus of market attention.

USD1 is a dollar-pegged stablecoin launched by @worldlibertyfi, with each USD1 being custodied by BitGo Trust Company through a reserve mechanism, ensuring a 1:1 dollar backing and fund security. USD1 has sparked heated discussions due to significant news - Abu Dhabi's investment firm MGX completed a $2 billion investment in Binance via USD1. This not only marks Binance's acquisition of sovereign fund support, but also ensures Binance provides the best liquidity globally, further indicating that USD1 has officially entered the institutional-level cross-border settlement stage.

Currently, the total supply of USD1 is approximately 2.13 billion, with a market cap surpassing $2.1 billion, placing it among the top ten stablecoins globally. Notably, about 99% of USD1 has been deployed on the BNB Chain, approximately 2.1 billion. The zero Gas fee incentive mechanism launched by BNB Chain has significantly reduced transaction costs, leading to a rapid influx of users and DeFi protocols. Currently, there are meme projects using USD1 as a reservoir for narrative purposes.

On BNBChain, USD1 has quickly become a mainstream source of stablecoin liquidity, applied in core scenarios such as DEX, lending protocols, and perpetual contracts. The 24-hour trading volume of USD1 on PancakeSwap reached as high as $4.6 million, enhancing the stability and depth on the chain. Meanwhile, USD1 is continuously expanding its ecological collaborations, having established partnerships with protocols like StakeStone, Pyth Network, and Falcon Finance, further consolidating its position in the DeFi space.

USD1 is multi-chain deployed and currently supports the ETH network, with plans to integrate into the TRON ecosystem, which will fully expand the application scenarios of USD1 in staking, lending, mining, and more on TRON.

In terms of CEX, HTX and MEXC have listed USD1/USDT, particularly HTX with a 24-hour trading volume reaching $7 million, all provided by the BEP20 network.

In payment aspects, WLFI has launched a debit card supporting USD1, allowing users to spend USD1 at designated merchants worldwide. Pundi X has also integrated USD1 into its XPOS terminals and Pundi X Pay application, expanding the usage scenarios of USD1 in real-world consumption and gradually realizing the vision of PayFi.

Overall, USD1 has achieved a multi-dimensional layout from DeFi, payments to cross-chain and exchanges, showing strong ecological integration capabilities. More cooperation agreements and increased user participation are expected to follow, and USD1 is poised to become a key force in the next wave of stablecoins, with the BNBChain ecosystem also set to reach new heights.

Co-founder @ZachWitkoff's philosophy: Stablecoins represent the future of settlement networks. They globalize and eliminate borders for the dollar: no intermediaries, no remittance fees, unrestricted by bank hours, representing truly efficient and transparent settlement technology. Whether for institutions or retail investors, they are collectively choosing this superior solution; the world needs solutions like USD1 that can reduce corruption.

@cz_binance @justinsuntron @WatcherChase