I recently heard that a leading exchange plans to switch BUSD staking assets to USD1 at a 1:1 ratio. This reflects a new round of ecological iteration in the stablecoin sector.
USD1 has indeed been active lately—progressing smoothly in fundraising, with project teams aiming to reach over 10 billion in minting scale in the short term. Importantly, ecological wallet applications like WLFI are being rolled out one after another, which means that USD1's applications in payments, trading, and DeFi lending are rapidly expanding.
Think about it—once this wallet ecosystem truly takes off, stablecoins with high liquidity and strong application support will easily form a Matthew effect. Funds will naturally flow toward projects with rich application scenarios and a complete ecosystem. As market recognition increases, the potential for value release within the ecosystem will gradually become apparent. The competition landscape for this round of stablecoins might be much more interesting than we imagine.
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GateUser-2fce706c
· 9h ago
I've long said that the stability of this wave of stablecoins depends on the completeness of the ecosystem. It's not too late to enter now, but you must seize the opportunity first.
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Stop worrying about exchange rates. The key is who can develop the applications. Once the Matthew effect takes hold, there's no turning back.
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A supporting wallet ecosystem with a scale of 10 billion in issuance—this is truly different. It's the trend of the times.
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It sounds very attractive, but the question is whether the WLFI ecosystem can truly be implemented. Don't let it be another PPT project.
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Three years ago, I mentioned that the competition among stablecoins is essentially an ecosystem competition. Those who realize this now are still too late.
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Liquidity plus scene support—this logic I respect. It's time to make decisions before it's too late.
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What’s truly interesting is the capital game behind it. Why are exchanges switching? Think about it yourself.
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If you're still questioning the USD1 peg, it's like questioning DeFi back in the day. History always repeats itself.
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It's being hyped up quite a bit. We'll see what subsequent funding rounds and wallet user data say. If the data isn't impressive, all efforts are in vain.
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The high ground is already quite clear: the completeness of the ecosystem is the first line of defense.
View OriginalReply0
FalseProfitProphet
· 9h ago
Here we go again talking about the stablecoin Matthew Effect, tired of hearing it. The key question is how long USD1 can survive.
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A 10 billion issuance sounds impressive, but can the liquidity really keep up?
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As for switching BUSD to USD1, honestly, it's a gamble on whether the USD1 ecosystem can be self-sustaining.
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The ecosystem wallet landing is real, but will users actually use it? That's the real question.
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No, can someone explain why stablecoins have to create such a complicated ecosystem?
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How many times have we heard the theory of the Matthew Effect? In the end, it's all about fundraising and marketing.
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If USD1 can really take off, that would be promising. But it's a bit early to say that now.
View OriginalReply0
UnluckyMiner
· 9h ago
It sounds like another turf war in the ecosystem. We've seen a lot of 1:1 switching tactics; it mainly depends on whether the ecosystem applications can truly be implemented.
The USD1 funding round is indeed aggressive, with a 10 billion minting scale—it's not a small number. I'm just worried that it might end up being just a paper prosperity.
In my opinion, ultimately, stablecoins still have to compete through applications. Without wallet ecosystem support, it's just a joke.
Wait, could it be that some major institutions are behind the ecosystem switch again, and retail investors are about to be harvested once more?
Can WLFI wallets really be used, or is it just another PPT dream?
View OriginalReply0
UncleWhale
· 9h ago
Another "ecological iteration," I'm already tired of hearing it... But this wave of USD1 is indeed serious, a 10 billion minting scale sounds pretty impressive.
Wait, can the WLFI wallet ecosystem really be implemented? I've seen too many grand narratives like this.
View OriginalReply0
IronHeadMiner
· 9h ago
Uh... BUSD to USD1? It's the same old trick of ecosystem iteration
It's the Matthew effect, ecosystem improvement, application support... sounds pretty good, but can stablecoin competition really be that simple?
A minting scale of 10 billion, wallet deployment, sounds like there's something real. But the key is whether WLFI applications can truly come to life, or it's just surface-level prosperity.
The potential for value release within the ecosystem—talking about this is really just empty words.
But I have to admit, this round of stablecoin stories is definitely more interesting than before.
Wait, if all major exchanges follow the trend and switch, the liquidity of USD1 will indeed increase.
View OriginalReply0
LayerZeroHero
· 9h ago
It's the same ecosystem narrative again, feeling tired of hearing it all the time.
Let's wait until the wallet is really usable before judging. Right now, it's just fundraising and cutting the leeks.
Can USD1 really hold up? I have my doubts.
The Matthew effect is so simple to implement; the crypto world has long since lost its altcoins.
A 10 billion minting scale sounds impressive, but how much of it is actually usable?
Relying on BUSD migration for endorsement—this approach is really uncreative.
Eco-system complete? I only see PPT presentations and fundraising news.
Let's wait and see. I've heard too many stories about stablecoins in Web3.
View OriginalReply0
CryptoMom
· 9h ago
The Matthew Effect has been mentioned quite a few times, but this time with USD1, it really feels like there's something substantial... A 10 billion minting scale has been poured in, and the wallet ecosystem has also kept up. Isn't this just building a moat?
I recently heard that a leading exchange plans to switch BUSD staking assets to USD1 at a 1:1 ratio. This reflects a new round of ecological iteration in the stablecoin sector.
USD1 has indeed been active lately—progressing smoothly in fundraising, with project teams aiming to reach over 10 billion in minting scale in the short term. Importantly, ecological wallet applications like WLFI are being rolled out one after another, which means that USD1's applications in payments, trading, and DeFi lending are rapidly expanding.
Think about it—once this wallet ecosystem truly takes off, stablecoins with high liquidity and strong application support will easily form a Matthew effect. Funds will naturally flow toward projects with rich application scenarios and a complete ecosystem. As market recognition increases, the potential for value release within the ecosystem will gradually become apparent. The competition landscape for this round of stablecoins might be much more interesting than we imagine.