Gate said users who hold USD1 in asset accounts can earn up to about 20% annualized yield, with eligibility starting from a minimum holding of 1 token. The exchange said the APY will be adjusted each day based on the remaining monthly reward budget and the total amount of eligible USD1 held, with the updated rate posted at 14:00 UTC+8. Gate described USD1 as a dollar-pegged stablecoin issued by World Liberty Financial and fully backed by U.S. short-term Treasuries and cash equivalents.