Last time I talked about Sun Yuchen and his stable currency ecosystem, a little friend left a message asking me where is the stable currency path of the Trump family? Firstly, the endorsement of USD1 is the US dollar and US Treasury bonds, so the natural route is a compliant stablecoin system in the United States. USD1's goal should not be a savings based stablecoin, but rather a stablecoin primarily focused on payments and transactions. And the strongest opponents in this track are USDT and USDC, so it would be foolish for the newly entered USD1 to directly compete with USDT and USDC hardtop. USDT is still not compliant in the United States, while USDC's users and USD1 are highly overlapping. The most direct solution for USD1 is to exchange subsidies for scenarios and scenarios for network effects. Recently, the series of actions taken by USD1 have been very obvious. Firstly, a large amount of income subsidies have been given, and then efforts have been made to maintain the exchange rate of USD1 and USDC, ensuring the stability of USD1. This plan can maximize the capture of USDC's compliant market. Supports the same transactions as USDC, but with higher subsidies than USDC, and even does not require staking. Interest is paid when held (this is the same as USDC in Coinbase). USDC is bound to Coinbase, and USD1 hopes to be bound to Binance. In addition to regular cryptocurrency trading support, PAXG (gold) trading is also supported to expand users' trading horizons. So in terms of approach, the USDD system is more like a "subsidy deposit", allowing users to lock in USDT, while the USD1 system is more like a "subsidy liquidity and transaction", allowing users to use USDC and USDT as the underlying settlement layer in the exchange.