64% of USD1 circulating supply held at Binance… World Cup prediction market switches to USDC
Original headlineUSD1 유통량 64% 바이낸스 보관…월드컵 예측시장 USDC로 변경
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Roughly 64% of the circulating supply of USD1, the stablecoin linked to World Liberty Financial, sits in addresses classified as Binance, while no other exchange accounts for more than 5%, according to Arkham wallet-labeling data cited by Bloomberg. The concentration matters because Arkham's Binance label includes customer deposit addresses, so the figure reflects where tokens are custodied rather than Binance's own holdings, liabilities, or trading and settlement activity. Separately, ADI PredictStreet, the official prediction-market partner for the World Cup, has switched its homepage operations from USD1 to USDC. Watch whether USD1's exchange concentration shifts as the World Cup partner migration plays out and how much of the balance proves to be user deposits versus exchange-owned funds.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
USD1, Binance, ADI PredictStreet, USDC, Arkham, World Liberty Financial