USD1 offering $40 million in incentives per month—this is probably the biggest stablecoin subsidy ever. Roughly calculated, the APR return is between 18%-14%. Currently, the holdings of USD1 on Binance are around 2.5B, while the total circulation is approximately 3.3B. This estimate uses these two values as the range. Of course, it’s possible that demand for USD1 will increase and more will be minted, but even if the supply doubles, the returns are still very impressive.