USD1 Stablecoin Supply Jumps $150M After Binance Yield Program Launch
The USD1 stablecoin experienced a $150 million increase in its market capitalization. This growth followed an announcement by Binance regarding an incentive program. The program offers users the opportunity to earn yields of up to 20%. The increase in USD1 supply suggests a positive market response to Binance's yield program, potentially driven by increased demand for the stablecoin to participate in the offering.
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