Rocky
Rocky|Mar 14, 2026 08:02
Just scrolling through Twitter and saw that USD1 has partnered with Myriad, officially stepping into prediction market settlements. The competition among stablecoins for 'scenario dominance' is getting more and more interesting. Looking back at the major stablecoins, their growth paths are actually quite different: USDT: Won with the first-mover advantage. Early exchanges didn’t have many options, so it slowly became the default currency. USDC: Took the institutional route, relying on big institutions and following an elite path as collateral in DeFi. Now USD1 seems to be taking a third path: growing out of application scenarios. This move into prediction markets actually makes a lot of sense. Prediction markets have a very distinct characteristic: funds are constantly circulating at high frequency. Predict → Settle → Predict again Bet → Win → Bet again If a platform defaults to using a specific stablecoin for settlements, over time, users will basically stop bothering to switch to other stablecoins. Gradually, that stablecoin becomes the default currency in that scenario. So I feel like USD1’s strategy is actually pretty clear. It’s not trying to compete with USDT on history, nor with USDC on institutions. Instead, it’s targeting emerging growth scenarios like DeFi, AI, and prediction markets. If more and more projects in these scenarios start defaulting to USD1 for settlements, the demand will naturally grow. Add to that the synergy with BNB Chain—leveraging a strong ecosystem is always advantageous. For retail users, low fees and fast speeds create a seamless experience that keeps them around. Overall, USD1’s flywheel effect is starting to take shape: more scenarios → stronger demand → deeper liquidity → more projects willing to adopt it. The future potential is limitless—let’s wait and see.
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