- Issued by World Liberty Financial, a company controlled by the Trump family stablecoin USD1 will replace Tether (USDT) on the Aster decentralized exchange.
- USD1 will become the sole settlement asset for trading futures on gold, silver, oil and tokenized assets.
USD1 (USD1), created by World Liberty Financial, a company partly owned by relatives of US President Donald Trump, will replace stablecoin Tether (USDT) on the Aster decentralized exchange.
Thanks to the collaboration between Aster employees and World Liberty Financial USD1 will The only settlement asset on the platform for trading futures on gold, silver, oil, and other commodities, as well as tokenized assets. Stablecoins are currently used for contracts. Tether (USDT), which will be replaced by USD1.
Apparently, the partnership agreement between the companies is aimed at popularizing Trump’s cryptocurrency, occupying The fifth-largest stablecoin by market capitalization, USDT, tops the list with nearly 42 times the value of USD1 in issued assets. Therefore, the coin issued by World Liberty Financial can currently only compete with its closest competitor, Dai (DAI).
USD1 on the list of leading stablecoins
As it became known Happy Coin NewsThe USD1 integration will be beneficial to traders, as Aster representatives promise to reduce trading fees, apparently to attract clients. Takers will have to pay 0,01%, and makers 0,005% of the trade amount. A similar program is in place on the exchange. Binance against USDC (USDC). For processing market orders with these stablecoins on the spot market. held by lower commission of up to 0,095%.
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