In the cryptocurrency space, stablecoins have become an indispensable part. Although USDT and USDC have long dominated, the emerging USD1 is quietly changing this landscape.

USD1 is not just another stablecoin pegged to the US dollar; its emergence brings a whole new perspective. Compared to USDT and USDC, USD1 has significant differences in design philosophy and application scenarios.

For a long time, USDT has been controversial due to its opacity, which has made many institutional investors cautious about it. While USDC is known for its transparency and compliance, its over-reliance on the US regulatory system has also raised some concerns, with multiple cases of on-chain addresses being frozen.

In contrast, USD1 has focused on addressing these issues since its inception. Its reserves are composed of government bonds and USD cash, ensuring clarity in funding backing. More importantly, USD1's positioning has aimed at the decentralized finance (DeFi) ecosystem from the very beginning, rather than the traditional exchange market.

This strategic positioning has allowed USD1 to quickly establish a foothold in the DeFi sector. Currently, the total locked value (TVL) of USD1 on-chain has surpassed 100 million USD, demonstrating strong growth momentum. This achievement is largely attributed to the support of Lista DAO, which has become the largest application platform for USD1, boasting a TVL of 3 billion USD.

On the Lista DAO platform, users can stake Bitcoin (BTC) and Ethereum (ETH) to generate USD1, creating actual market demand. At the same time, USD1 also performs excellently in lending and liquidity provision, further solidifying its position in the DeFi ecosystem.

The success of USD1 relies not only on the attention brought by WLFI, but more importantly, on its performance in practical applications. It provides users with a transparent, free, and deeply integrated stablecoin option within the DeFi ecosystem, which may herald the arrival of a new era in the stablecoin market.