Sun just announced on Twitter: Tron USD1 has been launched on @HTX_Global and @Gate.
Sister Cathy's fans include many newcomers, so I will explain the significance of this message:
1. USD1 is a dollar stablecoin issued by Trump's family #WorldLibertyFinancial company, which is pegged to the US dollar with an exchange rate close to 1:1.
The image below is the team introduction displayed on #WorldLibertyFinancial company's official website, and the lineup is already luxurious to the extreme, with all male members of the Trump family present.
2. This dollar stablecoin USD1 issued by the Trump family ranks seventh in terms of issuance and market share, accounting for 0.83%. Although the ranking is not high, due to President Trump's endorsement and his push for the US Congress to pass stablecoin legislation to solve the short-term US Treasury bond issue, everyone believes that USD1 has a bright future.
The image below is the ranking of major dollar stablecoins on Coingecko, which is generated based on the amount minted on-chain.
2. The closer the exchange rate of the dollar stablecoin to 1, the better. If it exceeds 1 or falls below 1 too much, it will decouple. A stablecoin decoupling from its pegged fiat currency is a significant incident that can cause users to sell the stablecoin for dollars or other more stable stablecoins.
Not long ago, USD1 briefly decoupled, with the exchange rate dropping to 0.993, but it quickly recovered to 0.999.
Before this decoupling, USD1's market share was originally 0.88%. After decoupling, it dropped to 0.83% because users were worried about the instability of USD1's price and were afraid of losses, so they were reluctant to hold it.
3. USD1 In order to expand market share, it is necessary to continuously increase the issuance of USD1. The more it is issued, the more it indicates that there are more people using USD1 to buy and sell other virtual currencies, as well as storing USD1 in their wallets and exchange accounts. The greater the demand for USD1 from users, the more USD1 will be issued by WLFI company.
4. #WorldLibertyFinancial For every USD1 stablecoin minted on-chain, the company needs to hold short-term US Treasury bonds and other highly liquid real assets worth 1 dollar in a custody institution recognized by the US government, so that users holding USD1 can sell USD1 for dollars anytime, ensuring sufficient liquidity. These highly liquid assets held in the institution serve as the backing assets for USD1 stablecoin pegged to the dollar.
5. In order to expand issuance and increase market share, USD1 needs to be minted on a sufficient number of public chains to provide enough liquidity, allowing users on each public chain to exchange USD1 anytime they wish using various virtual currencies such as BTC, ETH, USDT, etc.
6. Similarly, to increase issuance and market share, USD1 also needs to be listed on all centralized exchanges so that users on major exchanges can exchange and hold USD1 anytime and anywhere.
7. So this post from Sun indicates two things:
-- USD1 has minted some issuance on the Tron chain (Tron network), which was originally a chain primarily used for trading the number one stablecoin USDT.
-- HTX and Gate exchanges have both listed USD1
Both of these are positive news for USD1.
8. Sun announced last year that he joined Trump's family #WorldLibertyFinancial company as an advisor, so he can be said to have put his heart and soul into USD1 and the $WLFI token, constantly assisting in promotion, and he also invested in the two public pre-sales of the $WLFI token last October and this January, spending a total of over 30 million + 75 million US dollars to buy WLFI tokens.
9. CZ has also boarded the WLFI ship. In March of this year, the Dubai royal family, specifically the UAE sovereign fund MGX, invested in Binance. The funds used to buy shares were settled with WLFI's USD1. It is equivalent to the Dubai prince buying 2 billion USD1 with US dollars or other virtual currencies and paying Binance in exchange for shares. Therefore, Binance currently has at least 2 billion USD1 on hand.
10. Many public chains and exchanges, in order to curry favor with President Trump, have jumped on the high-speed train of US stablecoins, and even to obtain licenses in the US for more connections with the president's family. They are building good relationships with Trump's family #WorldLibertyFinancial company and will actively list USD1 on their public chains and exchanges. Of course, on a business level, aside from building relationships, if the trading volume of the popular USD1 keeps increasing, each public chain and exchange will also earn huge gas fees and transaction fees.
11. The hardest exchange for USD1 to get listed on is Coinbase, the top US exchange, because Circle, the company that issues the second-ranked stablecoin USDC, is an investor in Coinbase. Coinbase holds 3.5% of Circle's shares, and 50% of the interest income from USDC reserves must be paid to Coinbase, with a significant portion of circulating USDC stored in Coinbase. However, with President Trump's political acumen, it is only a matter of time before USD1 is listed on Coinbase.
The image below shows the results of searching for USD1 on Coinbase exchange, which is not yet listed.
12. #WorldLibertyFinancial The company is collaborating with most exchanges in preparation for launching the "trade USD1 for $WLFI token airdrop" event, which is similar to the previous Binance Launchpad where users staked BNB, FDUSD, or BUSD to mine tokens a week before launching a new coin. The more you stake, the more tokens you get.
The expectation for $WLFI to be listed on exchanges from late August to mid-September is based on their official Twitter post from July 19.
The rules for this airdrop have not been officially announced yet, but the general principle is definitely that the more you trade and hold USD1, the more $WLFI tokens you can get from the airdrop. This is also an opportunity for retail investors who missed the two pre-sales of $WLFI to grab $WLFI spot airdrops.
