USD1 is quietly laying out, centering on the BNB ecosystem, to seize the stablecoin market share.
Let's talk about a few key events first: Binance announced the launch of USD1 a few days ago, and also directly launched a policy of zero handling fees for withdrawing USD1 on @BNBCHAIN.
Moreover, the core functions of Binance financial management, one-click coin purchase, flash exchange, and leverage also support USD1.
In other words, USD1 is directly and fully integrated into the Binance ecosystem.
Let's take a look at the background. USD1 was launched by Trump's crypto project WLFI. The official clearly stated that it is a stablecoin issued with full endorsement of U.S. Treasury bonds.
It has the same mechanism as USDT and USDC, and is backed by real assets, but it also has its own political topic aura.
Abu Dhabi MGX used USD1 for its $2 billion investment in Binance.
It is obvious that this is a big game played by the combined forces of Binance and WLFI.
Not only USD1 itself is making a lot of noise, but the ecological projects it drives are also starting to perform, such as LISTA, STO, BUILDon (B), which are projects that have cooperated with USD1. Once the news is released, the prices will take off, which is obviously betting on the development potential of USD1.
USD1 is really the opening of the Tianlong people in the currency circle. There should be many arbitrage opportunities in this wave, and it depends on who can discover it in advance.