Happy weekend, ladies!
I just saw that some tea opened an exclusive pool for SpaceX ($PRE) with $USD1 , but honestly, I didn't think much of it at first.
When the oversubscription data came out, I realized some old habits have quietly changed.
In this round, the official data showed that the entire Launchpad had over $56 million in total subscriptions, with more than 38,000 participants.
The #USD1 pool was oversubscribed 14.8 times, and the #USD1 main pool was 15.5 times. The subscription prices for both pools were identical, at $650 per token.
What’s interesting is that a lot of folks chose the USD1 pool for subscriptions, simply because they already had it in their accounts, making it super easy for them. I used to always swap for USDT, then confirm the amount, and finally submit. Sometimes, when the event was about to wrap up, switching assets back and forth was such a hassle.
This time, seeing everyone directly use USD1 to subscribe gave me a little thrill. Before, stablecoins felt more like an intermediary in trades, swapping in and out, but now it’s starting to feel like something you can actually spend directly.
Especially since this time it’s a project like #SpaceX(PRE), which has a strong traditional finance vibe. This kind of operation used to be more of a broker back-end thing, but now it’s directly linked to the blockchain.
Recently, #Binance launched BTCUSD1 perpetual contracts, and some exchanges support it for collateral and earning yields. Now, some tea has also opened up USD1 for direct subscriptions. USD1 is slowly becoming the default asset people can use, and having it in your account means many operations can be done in one go.
Of course, it’s still too early to jump to conclusions. We’ll have to see if other projects will continue to open USD1 pools and whether people’s habits can stick. But at least the changes are already quite clear, with many regular users now assuming that USD1 can be used directly.
Ladies, will you also keep a portion of USD1 handy for new subscriptions when you see USDT pools and USD1 pools in the future? 🦅
I just saw that some tea opened an exclusive pool for SpaceX ($PRE) with $USD1 , but honestly, I didn't think much of it at first.
When the oversubscription data came out, I realized some old habits have quietly changed.
In this round, the official data showed that the entire Launchpad had over $56 million in total subscriptions, with more than 38,000 participants.
The #USD1 pool was oversubscribed 14.8 times, and the #USD1 main pool was 15.5 times. The subscription prices for both pools were identical, at $650 per token.
What’s interesting is that a lot of folks chose the USD1 pool for subscriptions, simply because they already had it in their accounts, making it super easy for them. I used to always swap for USDT, then confirm the amount, and finally submit. Sometimes, when the event was about to wrap up, switching assets back and forth was such a hassle.
This time, seeing everyone directly use USD1 to subscribe gave me a little thrill. Before, stablecoins felt more like an intermediary in trades, swapping in and out, but now it’s starting to feel like something you can actually spend directly.
Especially since this time it’s a project like #SpaceX(PRE), which has a strong traditional finance vibe. This kind of operation used to be more of a broker back-end thing, but now it’s directly linked to the blockchain.
Recently, #Binance launched BTCUSD1 perpetual contracts, and some exchanges support it for collateral and earning yields. Now, some tea has also opened up USD1 for direct subscriptions. USD1 is slowly becoming the default asset people can use, and having it in your account means many operations can be done in one go.
Of course, it’s still too early to jump to conclusions. We’ll have to see if other projects will continue to open USD1 pools and whether people’s habits can stick. But at least the changes are already quite clear, with many regular users now assuming that USD1 can be used directly.
Ladies, will you also keep a portion of USD1 handy for new subscriptions when you see USDT pools and USD1 pools in the future? 🦅