Binance Holds 64% of USD1 Supply; Other Exchanges Each Hold Less Than 5%

According to Odaily, on-chain data shows approximately 64% of the USD1 stablecoin's circulating supply is held at Binance, while all other exchanges individually hold less than 5%.

Meanwhile, ADI PredictStreet updated its website to replace USD1 with USDC, stating the original information was outdated. On-chain analysis found no evidence of USD1 usage on the platform; it actually operates with Circle-issued USDC. An IHC spokesperson confirmed that PredictStreet's operator is no longer a subsidiary of IHC.

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.