If you have money, will you save it in the bank or buy USD1 financial products?
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Recently, USD1 has directly challenged PayPal's PYUSD, becoming the new darling of the stablecoin world. It is a compliant stablecoin pegged 1:1 to the US dollar, backed by the Trump family, with reserves consisting entirely of cash and short-term US Treasury bonds. It is already available on major mainstream blockchains and exchanges and has garnered significant attention.
USD1 is a "more compliant, politically endorsed, and highly transparent" US dollar stablecoin, comparable to USDC and PYUSD. It targets institutions and cross-border settlements and can be used for deposits and withdrawals, as well as hedging. The financial yield on Binance can reach as high as 13.5% annualized.
I think for many beginners and those who do not understand trading techniques or macroeconomics, this is a pretty good choice. Isn’t it better than leaving it in the bank, earning that meager interest that can't keep up with inflation? Even a 3% annualized return from Zhongjin can blow up. I can only say that traditional finance is really too dark. However, USD1's compliance, endorsement, transparency, and financial returns—none of these are worse than domestic financial products.