Recently, the cryptocurrency market has been performing poorly, with the market continuously declining. This is when the advantages of stablecoins become apparent; no matter how much the market drops, stablecoins remain steady as a rock.
Binance has launched the "Earn WLFI by Holding USD1" event, transforming the originally defensive stablecoin into an aggressive financial tool. It's important to note that the 40 million dollar airdrop is equivalent to the circulating market value of several altcoins!!
Let me explain this financial activity to friends who may not be familiar with it:
A 40 million dollar equivalent airdrop of $WLFI will be distributed over 4 weeks, with 10 million each week.
The participation threshold is almost zero; as long as you hold USD1 in your Binance spot/funding/contract/leverage account, it counts;
If you use $USD1 as contract or leverage margin, you can also receive a 1.2x reward bonus. Based on the current circulating scale of USD1, the base annualized yield is approximately 20%, and with the bonus, it can reach around 24%.
To be honest, in the current market environment, this is already a very rare and quantifiable stablecoin yield. It's not just talk; everyone can see clearly that since the event started, the price of USD1 has skyrocketed!!
Now let's take a look at the growth speed of USD1 itself.
In less than a year since its launch, its market value has reached about 4.8 billion dollars, ranking 5th among stablecoins, officially surpassing PayPal's PYUSD, with a growth of over 77% in the last 30 days.
The on-chain monthly transaction volume exceeds 20 billion dollars, with over 160,000 active addresses; it's no longer just a small circle of enthusiasts.
In terms of ecology, it's also very crucial:
In fourmeme, USD1 has become the mainstream liquidity pool for Meme projects, with EGL1 single project cumulative trading volume of 4 billion dollars;
In the new project track, USD1 has become the default currency for many leading projects on buidlpad, easily oversubscribed by dozens of times;
In the RWA/PayFi direction, USD1 is connected to Spacecoin and TRON River, starting to engage in real payments and cross-chain funding.
My personal judgment is:
USD1 has evolved from a "new project dedicated stablecoin" to a liquidity center with real use cases. This large-scale airdrop seems more like a strategy to secure core users in advance.
At least in the current market, I really can't think of a reason not to participate👇
📌Take USD1 = Anti-volatility + High interest + Share in ecological dividends.
In the current volatile market, I will view it as a financial anchor point that can be both offensive and defensive.
