Gate's substantial USD1 holdings surge due to the IKA Launchpad campaign, highlighting a significant uptick in user engagement and stablecoin adoption.
Gate has officially become the second-largest holder of USD1, a USD-backed stablecoin, following a surge in demand from its IKA Launchpad campaign with World Liberty Financial. As of today, Gate holds approximately $170 million USD1 on the BNB Smart Chain and $20 million USD1 on Ethereum, ranking second and first among centralized exchanges respectively. The IKA Launchpad event has seen user contributions exceed 200 million USD1, marking a significant milestone in the adoption of USD1 and the platform's commitment to a compliant PayFi ecosystem.