Just checked, the trading volume of the BTC contract on Binance for the USD1 trading pair has already surpassed that of USDC. Recently, the trading volume for USD1 has been steadily increasing. The reason is likely because Binance converted some BUSD collateral into USD1, uses USD1 as the settlement asset for futures, and large institutional settlements are also done via USD1. If you look closely, you’ll notice quite a few big orders appearing in the USD1 trading pair. Now, every platform has activities related to USD1. Just saw someone mention that previously, you could get a 1.2x bonus just by keeping funds in the contract account, but now you need to trade 500U to get it. I’ve currently put 2000U into financial management, and the rest is still all in the contract account. Waiting for payday tomorrow, Friday.