The spot market has been dropping like crazy these past few days.
I opened my phone this morning just to check the charts.
I regret not swapping everything into stablecoins for some yield farming.
Greedy traders often lose the most, sob sob sob.
Then I turned around to look at a portion of my holdings in USD1 and noticed it’s made two significant moves in the last couple of days.
■ First, it's deployed onto the 10th chain, Mova Chain.
And they kicked things off with a whopping $100 million. This isn't just simple multi-chain support; Mova is clearly aiming for RWA and payments. This move is clearly laying the groundwork for institutional entry down the line.
■ The second point is the kicker: Binance just launched a service for direct trading of over 7,000 US stocks and ETFs.
They've incorporated USD1 right into the settlement channels, putting it on par with USDT and USDC.
Now, this is getting interesting.
On one hand, they’re expanding the underlying infrastructure, and on the other, they’ve locked in the biggest retail trading scenarios.
Traditional financial assets and crypto liquidity are being stitched together through this approach.
This is a big game being played here.
#USD1 #Binance #RWA
I opened my phone this morning just to check the charts.
I regret not swapping everything into stablecoins for some yield farming.
Greedy traders often lose the most, sob sob sob.
Then I turned around to look at a portion of my holdings in USD1 and noticed it’s made two significant moves in the last couple of days.
■ First, it's deployed onto the 10th chain, Mova Chain.
And they kicked things off with a whopping $100 million. This isn't just simple multi-chain support; Mova is clearly aiming for RWA and payments. This move is clearly laying the groundwork for institutional entry down the line.
■ The second point is the kicker: Binance just launched a service for direct trading of over 7,000 US stocks and ETFs.
They've incorporated USD1 right into the settlement channels, putting it on par with USDT and USDC.
Now, this is getting interesting.
On one hand, they’re expanding the underlying infrastructure, and on the other, they’ve locked in the biggest retail trading scenarios.
Traditional financial assets and crypto liquidity are being stitched together through this approach.
This is a big game being played here.
#USD1 #Binance #RWA