Right now, the dominant trading pair in contract markets is USDT. Many stablecoins collaborate with CEXs to launch BTC contract trading pairs, but most of the time, it’s just symbolic. However, there’s been a recent shift in Binance’s contract market. The BTCUSD1 market depth has completely outperformed BTCUSDC. Around key price levels, there are plenty of large orders in BTCUSD1. Binance has clearly put effort into the spread, depth, and trading costs of the BTCUSD1 contract—it’s not just about “launching a trading pair”; they’re actually doing the work. Especially with the 0 maker fee, this is super appealing for traders. I often trade BTC contracts myself, and when using leverage, the fees can be terrifying. But if you trade on BTCUSD1 with maker orders, the spread and depth are sufficient, which essentially means 0 fees. Contract traders are extremely sensitive to fees because fees make up a significant portion of long-term trading costs. BTCUSDT doesn’t offer fee discounts, BTCUSDC has fee discounts but lacks the depth to support large orders. So if USD1 can consistently maintain depth in Binance contracts, it’s not just competing for stablecoin or savings users—it’s about changing traders’ habits. The real moat for stablecoins is frequent usage. They can be used for savings, buying crypto, or trading contracts. When traders start defaulting to USD1 as a settlement unit, that’s the foundation of a stablecoin. USD1, in my opinion, has evolved from being just a “stablecoin with a strong backing” to a “stablecoin that traders genuinely want to use.” BTCUSD1 is worth trying out—it’s seriously amazing. Use their maker orders more often—it’s 0 fees!