The bean bag under ByteDance is simply a神器 of web3.

Listening to English Space is no longer a panic, while opening bilingual subtitles and recording meetings, it automatically organizes after ending.

Below is the summary of the USD1 Summer space:

This meeting focused on the characteristics, ecological integration, and future planning of the stablecoin USD1, aiming to strengthen the position of the US dollar as a global reserve currency, with the following core content:

1. Introduction to various protocols

- PancakeSwap: Integrates USD1 as a core trading pair, with a daily trading volume of 10 million USD and a weekly trading volume of approximately 60-70 million USD. The team is embedding it into key liquidity mining strategies to deepen market depth through incentive mechanisms and believes that USD1 is a core component for building DeFi infrastructure.

- Venus: The only institutional-grade lending protocol on the BNB chain that supports deposits of USD1 and liquidity mining. It has extremely high capital efficiency, with total revenue exceeding 150 million USD last year, and returns earnings to users through the Venus Prime loyalty program, making it one of the safest and most decentralized lending protocols on the BNB chain.

- Aster: A multi-chain decentralized derivatives trading platform that supports up to 15 times leverage trading, with low trading fees, while providing passive income products like grid trading and liquidity mining, emphasizing that USD1 is the first stablecoin with strong community attributes.

- ListDAO: Positioned as the liquidity hub for USD1, supports USD1 as collateral for lending blue-chip assets (such as BNB, BTC.B), and provides high-yield USD1 liquidity pools on PancakeSwap, allowing users to participate in quantitative mining and liquidity mining.

2. Core features of USD1

Stability and security: Backed 100% by high-quality liquid assets such as US Treasury bonds and cash equivalents, with reserves held by Bitgo Trust Company, adopting a bankruptcy isolation structure; achieving real-time transparent verification through quarterly audits by the Big Four accounting firms and Chainlink on-chain reserve proof.

Low-friction trading: Eliminating minting and redemption fees, removing cost barriers for converting fiat to cryptocurrency, attracting institutional funds.

Community-driven and ecological collaboration: Compared to traditional stablecoins, USD1 emphasizes deep collaboration with project parties (such as PancakeSwap, Venus, etc.), building application landing through community activities and narratives, breaking through a market value of 2 billion USD in just 8 weeks, becoming the fastest-growing stablecoin.

3. Application scenarios and ecological integration

Lending and collateral: Users can borrow on Venus using USD1 as collateral, leveraging its deep liquidity to obtain long-term stable interest rates, avoiding fluctuations caused by short-term incentives.

Trading and liquidity mining: PancakeSwap launches trading pairs like USD1/BNB, with an average daily trading volume exceeding 10 million, allowing users to participate in mining by providing liquidity; Aster supports USD1 as margin for leveraged trading, meeting the needs of high-risk preference users.

meme coins and DeFi integration: Formium integrates USD1 in its token issuance mechanism for token buyback and destruction, providing a stable anchor for the high-volatility meme coin market, lowering the entry threshold for new users.

4. Vision to connect traditional finance with DeFi

Compliance and technology integration: USD1 combines traditional financial audit and custody standards (like Big Four audits, Bitgo compliant custody) with blockchain technology (Chainlink reserve proof), meeting institutional compliance requirements while achieving efficient and transparent on-chain transactions.

Promoting institutional fund entry: Through the MGX 2 billion USD investment case, proving that USD1 can serve as a bridge for traditional funds entering the crypto market, with a future goal of migrating tens of trillions of dollars of traditional financial transactions on-chain, expected to exceed a market value of 1 trillion USD.

5. Future plans and summer agenda

Ecological expansion: USD1 will continue to cooperate with BNB chain projects (such as ListDAO, Aster, etc.) to deepen its application in lending, trading, payment, and other scenarios, planning to launch more incentive activities (like trading competitions, liquidity mining rewards).

Community and market growth: Currently, there are over 85,000 USD1 holders, and the team encourages new projects to adopt it as a trading pair (like B/USD1 trading volume exceeding 1 billion USD), planning to consolidate its core stablecoin position on the BNB chain through more operational activities.

6. Closing remarks

Call to developers and users: Protocols like PancakeSwap, Venus, etc., call on developers to integrate into the USD1 ecosystem to gain liquidity support and incentives; users can participate in USD1-related trading and mining activities in the summer to enjoy the low-risk returns brought by stablecoins.

Team vision: The USD1 team thanks the BNB chain community for its support, emphasizing that it will promote the integration of DeFi and traditional finance through continuous technological innovation and ecological cooperation, creating 'the coolest stablecoin' and leading the industry into a new growth cycle.