Original source: Gate
The cryptocurrency trading platform Gate announces the launch of the USD1 rewards program in collaboration with World Liberty Financial (WLFI), becoming the current exclusive platform for USD1 user incentives in crypto trading. This program will provide users with new ways to earn points through various scenarios, including trading, holding assets, and participating in financial management, further strengthening the application scenarios of stablecoins and expanding the participation in the USD1 ecosystem.
The rewards program is expected to officially launch soon, and users will be able to participate and earn points through the following methods: using USD1 for spot trading, exchanging stablecoins, holding USD1 assets, or participating in USD1 related Launchpad and financial management projects. Additionally, users who engage in limit trading will receive extra bonus rewards. Furthermore, new registered users can unlock a $10 newcomer benefit for a limited time after completing specified tasks.
USD1 was issued by WLFI in April of this year and is a compliant stablecoin backed by the US dollar, pegged to a 1:1 value. The issuance and custody are managed by the regulated BitGo Trust Company in South Dakota, USA, and it is compatible with multi-chain networks such as Ethereum, BSC, and Tron. The launch of this rewards program signifies that it has entered a refined operational stage on the trading platform, and the user incentive mechanism is gradually being implemented, which is expected to enhance its competitiveness in the stablecoin market.
It is worth noting that data shows Gate has now become the world's second-largest trading platform for holding USD1, occupying a key position in the development of the stablecoin ecosystem. This jointly launched rewards program marks a substantial step for USD1 in application, and it also means that leading trading platforms are accelerating the implementation and innovation of stablecoin incentive mechanisms. Additionally, Gate's official statement indicates that this cooperation is entirely focused on building the ecological layer and user welfare mechanisms, and it has not participated in any direct investment in WLFI or USD1.
As stablecoin regulation becomes increasingly refined, the actions of leading platforms in ecological construction will directly impact market confidence and user loyalty. Gate's initiative to collaborate with USD1 on the rewards system not only reflects its emphasis on the emerging stablecoin ecosystem but also demonstrates its forward-looking strategy in promoting the application of cryptocurrency assets.
This article is from a submission and does not represent the views of BlockBeats.
