Gate exchange's strategic USD1 stablecoin allocation on Ethereum and Binance Smart Chain
Ethereum News

Ethereum News Today: Gate’s $170M USD1 Allocation Shakes Up Stablecoin Market as Second-Largest CEX Holding

In a groundbreaking move, Gate has solidified its position as the second-largest centralized exchange (CEX) holder of USD1, a USD-backed stablecoin. With over $170 million allocated on Binance Smart Chain (BSC) and $20 million on Ethereum, this strategic play is reshaping the stablecoin landscape. But what does this mean for Ethereum and the broader crypto […]