Original source: Gate

The cryptocurrency trading platform Gate has announced a partnership with World Liberty Financial (WLFI) to launch a USD1 points program, becoming the exclusive platform to debut the USD1 user incentive in the crypto trading space. This program will provide users with new ways to earn points through various scenarios such as trading, holding coins, and participating in financial management, further enhancing the application scenarios of stablecoins and expanding participation in the USD1 ecosystem.

The points program is expected to officially launch soon, allowing users to participate and earn points through the following methods: using USD1 for spot trading, conducting stablecoin exchanges, holding USD1 assets, or participating in USD1-related Launchpad and financial management projects. Additionally, users engaging in limit trading will receive extra bonus rewards. Furthermore, new registered users can unlock a limited-time newcomer benefit worth $10 after completing specified tasks.

USD1 was issued by WLFI in April of this year and is a compliant stablecoin backed by the US dollar, pegged at a 1:1 value. Its issuance and custody are managed by the regulated BitGo Trust Company in South Dakota, USA, and it is compatible with multi-chain networks such as Ethereum, BSC, and Tron. The launch of this points program signifies that it has entered a refined operational phase on the trading platform side, with the user incentive mechanism gradually being implemented, which is expected to enhance its competitiveness in the stablecoin market.

Notably, data shows that Gate has currently become the second-largest global holding trading platform for USD1, occupying a key position in the development of the stablecoin ecosystem. The jointly launched points program marks a substantial step for USD1 in application, and it also indicates that leading trading platforms are accelerating the implementation and innovation of stablecoin incentive mechanisms. Additionally, Gate's official statement pointed out that this collaboration is entirely focused on building the ecosystem and user welfare mechanisms, and it has not participated in direct investments in WLFI or USD1.

As stablecoin regulations become increasingly refined, the actions of leading platforms in ecosystem building will directly impact market confidence and user stickiness. Gate's initiative to collaborate with USD1 on the points system not only reflects its emphasis on the emerging stablecoin ecosystem but also demonstrates its forward-looking strategy in promoting the application of cryptocurrency assets.

This article is from a submission and does not represent the views of BlockBeats.

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