USD1 holders can receive WLFI @ worldlibertyfi airdrops to continue renewing WLFI. In addition to this benefit, there is another more important thing for USD1 holders USD1 is no longer just used for holding and transferring, but has also begun to enter the Binance contract trading scene. Here is the trading link: https://www. (binance.com)/en/futures/BTCUSD1 1、 Event Overview In recent periods, Binance's BTC/USD1 contract has exceeded BTC/USDC in trading depth From the perspective of market structure, BTC/USD1 has multiple large pending orders near the key price range, while BTC/USDC is more of a scattered small order, combined with lower spreads and 0 Maker fees. BTC/USD1 already has a certain ability to undertake large transactions The focus of this matter is not on the addition of a BTC contract to USD1, but on its entry into the most difficult part of stablecoin competition: exchange liquidity and derivative settlement 2、 The mechanism behind the thickening of the rim The most difficult problem to solve for cold start in stablecoin trading is liquidity Without depth, no one is willing to trade; Without trading volume, market makers are also unwilling to place orders for a long time, which can easily lead to "trading pairs going online, but no one actually uses them" The current breakthrough for BTC/USD1 is zero Maker fees After Maker is free, the cost of continuing to place orders decreases, and strategy accounts are more willing to invest funds in BTC/USD1. As the number of orders increases, the trading volume becomes thicker, spreads narrow, and the slippage for large trades also decreases 3、 Why are derivative scenarios more important There are three main requirements for stablecoins: ① Holding and transferring funds ② Spot trading ③ Contract margin and transaction settlement The first two can be achieved through activities, cooperation, and subsidies, while contracts have high trading frequency and fast capital turnover. Once traders use USD1 as a contract valuation and settlement asset, there will be a sustained demand for its use If BTC/USD1 continues to develop, it may not drive a single trading pair, but a whole set of USD1 trading scenarios