A recent interesting move is that USD1 has officially entered the prediction market. Myriad directly uses USD1 as the core settlement asset. Simply put, all predicted market transactions are settled in USD1 This is the first time that the market has predicted USD1 as the underlying currency Many people who see this news will only think, "Oh, there's an additional application." But if you look back at the history of stablecoins, you'll find one thing: stablecoins have never risen by being "more stable They all rely on: first occupying the scene, then occupying the market. And predicting the market is a new scenario that USD1 is competing for Predicting the market is actually very important for stablecoins. The essence of predicting the market is a trading market: high trading frequency, fast capital turnover, and strong user stickiness. As long as you participate in the prediction market, your funds must be recharged, traded, settled, and re bet This forms a cycle: Stablecoin → Trading → Settlement → Stablecoin So Myriad's use of USD1 as the sole settlement asset essentially locks user funds into the USD1 cycle Looking back at how USDT rose back then, many people now believe that USDT is the rightful king. But its earliest rise was not because it was more transparent, compliant, or secure But for a very simple reason, the exchanges are all using it, it's that simple, early start After 94, as long as you trade, you need to use USDT. This forms a huge flywheel: exchanges → trading pairs → liquidity → more trading pairs USDT has become the most widely used stablecoin in global trading. Many people overlook one thing: The first battlefield of USDT has never been payment, but trading The rise path of USDC is completely different The playing style of USDC is almost reversed, as it does not start trading first. But first focus on compliance, institutions, and banking systems Circle has chosen to collaborate with the US banking system from the beginning and positioned USDC as a more compliant and transparent stablecoin Later on, its main sources of growth became institutional funds, DeFi collateral, and enterprise payments Even later, it went straight to the IPO stage So the logic of USDC is to gain institutional trust first, and then gain market size You will see that USD1 has been doing several things recently, such as trading on exchanges for financial management, while USD1 is currently trying to do DeFi and predict the market. Behind these actions is actually a logic, turning USD1 into the default currency in the application For USD1, becoming the default settlement currency in several key applications is the most critical turning point in the future