Recent reports indicate that a leading exchange plans to switch BUSD staking assets to USD1 at a 1:1 ratio, reflecting a new round of ecological iteration in the stablecoin sector.

USD1 has indeed been active lately——progressing smoothly in fundraising, with project teams aiming to reach a minting scale of over 10 billion in the short term. The key point is that ecological wallet applications like WLFI are being deployed successively, which means that USD1's applications in payment, trading, and DeFi lending scenarios are expanding rapidly.

Imagine, once this wallet ecosystem truly takes shape, stablecoins with high liquidity and strong application support will easily form a Matthew effect. Funds will naturally flow toward projects with rich application scenarios and a complete ecosystem. As market recognition increases, the potential for value release within the ecosystem will gradually become evident. The competition pattern in this round of stablecoins may be much more interesting than we imagined.