About 64% of USD1 Circulation Stored on Binance

According to ChainCatcher, ADI PredictStreet has updated its official website to refer to USDC instead of USD1, stating that the previous information is outdated. On-chain analysis has found no evidence that the platform uses USD1 for trading; it actually uses USDC issued by Circle. An IHC spokesperson stated that the operator of PredictStreet is no longer a subsidiary of IHC. Approximately 64% of the USD1 circulation is stored on Binance, while no other exchange holds more than 5%.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.