Gate Na Di 2nd-Largest USD1 Stablecoin Holder After IKA Debut

Published: 2025-07-30 08:07:05 |

Gate don become di second biggest holder of USD1 stablecoin among centralized exchanges, na only Binance dey pass am. After dem launch Ika (IKA) for Gate Launchpad on July 26, di exchange get about $170 million USD1 for BNB Smart Chain (CEX #2) and $20 million USD1 for Ethereum (chain #1), wey match di $196 million wey dem allocate for di IKA campaign. Di IKA Launchpad carry come over $200 million USD1 and 5.33 million GT (around $97.5 million), and e mark one of di biggest event dem for Gate. USD1 stablecoin, wey World Liberty Financial issue and e fully backed 1:1 by U.S. treasuries and cash equivalents with real-time audits, dey work for plenty blockchains. Dis milestone go boost USD1 stablecoin adoption, strengthen Gate liquidity depth, and show how Gate dey play important role to connect traditional finance with DeFi.

Neutral

Di tori na news highlight say big increase for USD1 stablecoin adoption and Gate dem dey grow liquidity depth without affect the stablecoin peg. For short term, more USD1 stablecoin wey dey on top centralized exchanges go boost trading volume and make traders trust am more. For long term, when USD1 stablecoin dey use for many chains, e go make market strong and support DeFi on-ramps. Since USD1 na to keep 1:1 USD peg, price no go move well well, so e no go get any kain effect for market value.