Seeing the official summary of WLFI for the first half of 2026, we have a clearer and more comprehensive understanding of the progress of USD1 in the past six months. It's worth going into detail. foreword Since the beginning of this year, USD1 has completed a series of key transitions from a trading oriented digital dollar to a fragmented, institutionalized, and ecological one The supply and adoption have surged, with the gradual expansion of multi chain issuance, deep integration with top trading and derivative scenarios, and the initiation of infrastructure construction for compliance and institutions. 1、 It's not just about pursuing scale, but upgrading "tradability" to "availability" and "integrability". one ️⃣ Preliminary multi chain issuance: By conducting preliminary issuances on Tempo (TIP-20), MovaChain, Aptos, Monad and other chains, we aim to avoid bridging risks and liquidity fragmentation of cross chain packaged assets, and enhance settlement certainty and composability. two ️⃣ Trading pairs and margin: Introducing BTCUD1 and ETHUSD1 on Binance significantly increases USD margin and high leverage, strengthens USD1's "trading benchmark currency" attribute, and enhances depth and price discovery efficiency. (By the way, the SPCX/USD1 contract pair will also be launched today) three ️⃣ Scenario penetration: Aster DEX's commodity quotes have been switched to USD1, further expanding it from the cryptocurrency market to asset tokenization and commodity derivative pricing layers. four ️⃣ New type of credit: WLFI Markets was launched on January 12th, with a total market size of approximately 734 million, of which approximately 262 million are active borrowers. Promote the precipitation of more scenarios for USD1. II The surge in market value on Solana reflects the amplification effect of high-performance public chains on stablecoin turnover efficiency, payment experience, micro payments, and low fees for settlement. USD1 entered the high TPS, low latency, and strong DeFi portfolio ecosystem in its initial form, driving the closed loop of trading pairs, market making, and application layers. 3、 Brand Events UFC Freedom 250 distributes the "USD1 Pricing" bonus on the White House lawn and broadcasts it nationwide; Yu Haihu Manor hosts the World Freedom Forum. 4、 From "access" to "hosting and distribution" one ️⃣ Apply for a National Trust Bank license from OCC with the goal of issuing and custodial USD1 in a compliant location, providing auditable clearing and custodial capabilities for institutional clients. two ️⃣ Apex Group's cash flow strategy and BitGo's real-time issuance capability have established an institutionalized bridge between fiat currencies and on chain US dollars for asset managers, market makers, and custody network facilities. In this way, institutional liquidity injection, settlement compliance, and audit visualization will all form positive feedback, promoting more asset management products and trading pairs to adopt USD1. The above is the plan for the first half of 2026, and the plan for the second half has already been launched. For more specific details, please refer to the official announcement. Official information shall prevail. We will continue to expand the popularity of USD1 in the digital asset ecosystem in the future. Continuing to advance the above main line, the network effect and actual usage rate of USD1 have brought about further leaps.