This round of market, a 20% risk-free APR is indeed quite good😂
After a leading exchange launched a stablecoin investment activity, the market reaction was quite enthusiastic. The supply of USD1 skyrocketed by 118 million tokens, and the market capitalization directly broke through the $2.87 billion mark. What's more interesting is that USD1 temporarily traded at a premium of $1.0039, indicating that the market is indeed scrambling for tokens.
From on-chain data, market maker Jump Trading withdrew 100 million USD1 from Bitgo within the past 4 hours and then deposited it into the exchange. This move clearly aims to quickly replenish the liquidity needed for short-term explosive demand. This kind of operation shows how much top institutions value the stablecoin market—after all, liquidity is the lifeline and cannot be compromised.
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SchrodingerAirdrop
· 3h ago
20% risk-free? I don't believe you, let's see how many financial products blow up this year.
Jump Trading's move is indeed aggressive, pouring in 100 million tokens to stabilize the market.
USD1 premium to 1.0039 is a bit outrageous, isn't it? Isn't this just cutting the last bagholders?
The stablecoin market is just a cash machine for institutions; we're just the leeks.
Liquidity is the lifeline? Then what about my principal? Is it also blood?
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UnruggableChad
· 3h ago
20% APR? Big institutions are warming up retail, Jump's move to replenish liquidity is truly exceptional.
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LayerZeroEnjoyer
· 3h ago
Risk-free 20%? Alright, alright, stop tempting me haha
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Jump Trading's move is truly exceptional; 100 million tokens were just pulled out instantly. Institutions are indeed institutions.
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Are stablecoins this competitive now? The premium can still reach 1.0039... That's pretty intense.
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Supply has surged by 118 million. How many retail investors' blood did that suck up?
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Liquidity is indeed the lifeline, but these returns are just too tempting.
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USD1 has surpassed 28.7 billion? When did a new stablecoin come out? I haven't heard about it.
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The leading institutions are pulling this stunt again. Feels like the start of a new round of scalpings.
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PessimisticOracle
· 3h ago
A 20% APR sounds comfortable, but I'm worried that one day there might be a sudden dump, and it'll be a mess again.
Jump Trading's move is clearly about grabbing liquidity, but I doubt how long this wave can last... Stablecoins still need to be handled carefully.
The supply has increased so rapidly, it feels a bit fake.
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ProveMyZK
· 3h ago
20% APR sounds attractive, but I still have to ask—could this be the next prelude to a major crash?
This round of market, a 20% risk-free APR is indeed quite good😂
After a leading exchange launched a stablecoin investment activity, the market reaction was quite enthusiastic. The supply of USD1 skyrocketed by 118 million tokens, and the market capitalization directly broke through the $2.87 billion mark. What's more interesting is that USD1 temporarily traded at a premium of $1.0039, indicating that the market is indeed scrambling for tokens.
From on-chain data, market maker Jump Trading withdrew 100 million USD1 from Bitgo within the past 4 hours and then deposited it into the exchange. This move clearly aims to quickly replenish the liquidity needed for short-term explosive demand. This kind of operation shows how much top institutions value the stablecoin market—after all, liquidity is the lifeline and cannot be compromised.