Blockchain Press Releases
Why Are There No New Users in the Crypto Market? How Multi-Asset Trading Wallet BiyaPay Is Finding New Solutions Amidst Fierce Competition and User Confusion ？
SINGAPORE, March 31, 2025 /PRNewswire/ —
Introduction
In recent years, the cryptocurrency market has undergone a dramatic shift from euphoria to calm. At one point, Bitcoin and Ethereum prices hit new highs, and concepts like NFTs and the Metaverse rapidly gained traction, attracting a flood of new users. However, as the market cooled down, the growth of new users slowed significantly, even showing signs of stagnation. This phenomenon has caused concern within the industry: why is the crypto market struggling to attract new participants? Despite continuous technological innovation and an abundance of new projects, public interest has not kept pace. The challenges faced by the crypto market are rooted in increasing competition and a more complex ecosystem, which has left new users confused. This article will explore why the crypto market is experiencing a lack of significant new user growth and discuss how, in the midst of intense competition and user confusion, companies like BiyaPay, a leading multi-asset trading wallet, are finding new ways to drive growth in the crypto industry.
Market Situation Analysis
The competition in the crypto market has intensified, and the ecosystem has become increasingly saturated. From public chains to sidechains, to Layer 2 networks and various decentralized applications (dApps), the number of projects has exploded. According to statistics, over 350 active blockchain networks exist worldwide, and the number of new tokens issued each day reaches tens of thousands. The fragmentation of the market has intensified, and users are now faced with an overwhelming number of choices. However, despite the continuous increase in projects, user growth has not followed suit. Indicators like Total Value Locked (TVL) show that the current cycle has not surpassed previous market highs. The decline in search interest for the term “crypto” on Google Trends also reflects the cyclical decrease in public interest. For beginners, entering the crypto world is far from simple: hundreds of blockchains, wallets, and various protocols and applications make the decision process overwhelming, and the sheer number of options raises the cognitive and usability barriers.
The stagnation in new user growth is driven by multiple factors. First, the user experience of crypto products is significantly more complex than that of traditional internet applications. New users must not only install digital wallets, back up recovery phrases, purchase digital currencies, and pay miner fees but also switch between different blockchain networks, which is particularly daunting for those with no prior exposure to crypto technology. Second, market fragmentation is severe. The ecosystems of various public chains are isolated, making asset interoperability a challenge. This means users need to switch between platforms, for example, dApps on Ethereum have high transaction fees, and users seeking cheaper alternatives often have to learn new wallets and operational logic. The lack of unified standards and interoperability creates friction in user experiences. Lastly, information overload exacerbates user confusion. With thousands of token projects, new users often struggle to distinguish valuable projects from fraudulent ones. The complexity of the experience and the overload of information discourage potential users from entering the market.
Beyond the complexity of the user experience, external factors also contribute to the hesitation of new users entering the crypto market. One significant challenge is regulatory uncertainty. Different countries have vastly differing attitudes toward cryptocurrencies, and their regulations are subject to frequent changes. Some countries have welcomed crypto innovation only to suddenly impose strict regulations, while others have yet to define clear regulations. This uncertainty makes it difficult for crypto companies to operate compliantly, and users feel uneasy about investing in crypto due to the risk of sudden regulatory crackdowns. Another challenge is the frequent occurrence of security incidents, which has damaged the public image of the industry. Events such as exchange bankruptcies, project founders running off with funds, and hacking incidents have shaken user confidence in the safety of crypto platforms. The media’s coverage of crypto scams, money laundering, and other criminal activities has further exacerbated the industry’s reputation crisis. These events make ordinary users wary of entering the crypto space, as they fear losing their funds or getting caught up in illegal activities. Trust issues have become the most significant psychological barrier preventing new users from entering the market.
Core Barriers to User Growth
The target audience for the crypto industry is not homogeneous but highly diversified. Developers, ordinary users, investors, and institutions all have different needs, contributing to the fragmentation of the market. For example, public chain projects primarily target developers, as only developers can build applications that attract end users and grow the ecosystem. Therefore, public chains need to focus on “developer marketing” and technical documentation to encourage developers to adopt their chains. However, these efforts may not directly translate into growth for the average user base. For dApp applications, which should ideally focus on end users, many instead focus on attracting token holders and speculative funds. Sometimes token holders are not actual users of the product but engage in speculative arbitrage, which does not contribute to real user growth. Venture capitalists and institutional investors are primarily focused on return on investment (ROI), and they invest in projects with the expectation that token prices will appreciate. This often leads projects to prioritize token price management and exchange partnerships over improving the product’s appeal to everyday users. Meanwhile, retail speculators are more concerned with short-term price fluctuations and lack patience for long-term value, which makes it difficult to cultivate a loyal user base. Technical partners, such as cross-chain bridges and wallet plugins, form another isolated group. The diverse interests of these stakeholders contribute to the fragmentation of the market, making it harder to target and grow a unified user base.
The high technical complexity of crypto technology is another significant barrier to user adoption. Many ordinary people have heard of Bitcoin but find it difficult to understand blockchain principles, private key signing, or how to manage a string of characters on their own. The high technical threshold leads to mistakes or discomfort when users first experience the technology. For example, a user might accidentally enter the wrong address during a transaction, resulting in the loss of their assets. The high transaction fees, especially during Ethereum’s peak, also discourage small investors and beginners from participating in the market. These issues highlight that blockchain infrastructure is still far from being ready for large-scale commercial adoption. At the same time, the lack of trust has worsened the problem. The 2021 bull market attracted a wave of mainstream users, especially with celebrities endorsing NFTs, but many new users withdrew after the market crash in 2022. Exchange collapses and project failures have left people with negative perceptions of the industry. When the media frequently reports on Bitcoin’s “death” or the collapse of major crypto projects, it reinforces this negative view. Therefore, when technical complexity and trust issues are combined, convincing new users to enter the market becomes an uphill battle. They are either discouraged by the high barriers to entry or deterred by security concerns.
The high cost and complex entry process are additional hurdles for new users. For many newcomers, buying cryptocurrencies is already a significant barrier. Fiat-to-crypto channels are limited, and transaction fees can be high. Through third-party payment methods, users might face additional fees of 2-5%, discouraging small-scale users. Additionally, the volatility of crypto asset prices often causes new users to fear that they will “get stuck” as soon as they enter the market, adding to the psychological cost. Transaction costs are also significant, including high fees for blockchain Gas and additional charges for withdrawal and exchange transactions. Furthermore, the onboarding process is complex. Traditional financial account opening may only require identification documents, but in the crypto world, new users often face multiple steps: registering on exchanges, completing KYC (Know Your Customer) verification, linking bank accounts or wallets, depositing fiat currency to purchase USDT or BTC, and finally transferring funds to personal wallets. This process involves several platforms, and each step introduces new concepts (KYC, wallet addresses, private keys) that users need to understand. Some users may abandon the process midway or fall victim to phishing sites that steal recovery phrases. In comparison, Web2 applications have far simpler onboarding processes. The cumbersome entry process further reduces the attractiveness of crypto products to new users.
Where Is the Breakthrough?
To overcome these barriers, the crypto industry must focus on lowering entry barriers, building trust, and enhancing practical functionality. One company leading the way in this regard is BiyaPay, a global multi-asset trading wallet that offers potential solutions through its product features and service model.
BiyaPay’s standout feature is its multi-asset trading function, which allows users to manage various financial assets, including digital currencies, U.S. stocks, Hong Kong stocks, and more, all within a single platform. This “one-stop” design significantly reduces the entry barrier for new users. Firstly, new users no longer need to download multiple apps or switch between platforms. Traditionally, users needed to open a securities account to trade stocks and register with a crypto exchange for digital currencies. With BiyaPay, users can trade both stocks and crypto assets in one wallet, greatly simplifying the process. For traditional investors, they can now access digital currencies through a familiar stock trading platform, while crypto users can easily engage in traditional asset trading. Secondly, this multi-asset integration makes cross-market operations much more convenient. Users can exchange stablecoins for U.S. dollars and trade U.S. or Hong Kong stocks without the need for complex cross-border transfers or opening offshore accounts. BiyaPay supports converting USDT or other digital assets into fiat currencies and then using them to buy and sell U.S. or Hong Kong stocks, all without the hassle of opening offshore bank accounts. The platform allows for rapid account opening in just five minutes and seamless asset exchange, making global financial markets easily accessible. This simplified experience greatly reduces the psychological barriers for new users, making them more likely to engage with different features.
Another breakthrough offered by BiyaPay is its global payment and remittance services, which solve the difficulties associated with cross-border transactions. The platform supports real-time exchange and remittance for over twenty fiat currencies and more than ten major cryptocurrencies at very low costs. For example, a user working overseas can easily send funds to their family by exchanging digital assets into the local fiat currency on BiyaPay and transferring the funds to a recipient’s account. The low fees (around 0.5%) and the elimination of complex intermediary steps provide a significant advantage over traditional remittance services, which can take days to process and have high fees. This service meets real-world financial needs, attracting users who may not be interested in crypto technology itself but need a convenient cross-border payment solution. For instance, in countries experiencing high inflation, residents can use BiyaPay to convert their local currency into stablecoins for value preservation and then exchange them back into fiat currency when needed. This new use case for crypto is a major breakthrough for the industry, as it shifts the focus from speculative trading to practical financial solutions, making the crypto world more accessible.
BiyaPay also builds user trust by operating in a fully compliant and secure manner. It is headquartered in Singapore, with subsidiaries in the U.S., Canada, and Hong Kong, holding comprehensive financial licenses to ensure legal and compliant operations. BiyaPay emphasizes its “complete licensing, safe and reliable” credentials, which help build trust, especially during times of regulatory uncertainty. Users are more likely to trust a regulated platform with legitimate licenses rather than an anonymous underground exchange. In addition to regulatory compliance, BiyaPay also focuses on security, using bank-grade encryption and multi-factor authentication mechanisms to safeguard user assets and data. This focus on security and risk management ensures that users can make secure transactions without worrying about their funds being frozen or confiscated, a common concern among crypto users.
BiyaPay’s multi-asset strategy not only lowers entry barriers but also broadens its potential user base. By offering both traditional financial assets and cryptocurrencies on the same platform, BiyaPay appeals to a diverse range of investors. Traditional investors who are interested in global markets can use BiyaPay to access cryptocurrency markets easily, while crypto investors can use the platform to diversify their portfolios into traditional assets. This cross-pollination between the “stock” and “crypto” communities significantly expands BiyaPay’s user base.
Future Trends and Outlook
Looking ahead, the emergence of Web3 technologies offers new growth opportunities for the crypto market. Social finance, NFTs, and the Metaverse are emerging fields that could drive the next wave of user growth. BiyaPay can tap into these trends by supporting features such as NFT asset management and Metaverse payment solutions, which would cater to users’ needs in these new areas.
In addition to technological innovation, the crypto industry needs to invest in branding and user education to truly reach new audiences. Clear marketing messages and user education efforts can break down existing barriers to entry. By promoting simple, relatable messages such as “blockchain makes cross-border payments as easy as texting,” crypto platforms like BiyaPay can resonate with mainstream users and reduce the cognitive hurdles new users face.
Conclusion
The slowdown in new user growth in the crypto market is due to a combination of factors, including technological complexity, market fragmentation, and trust issues. However, by improving the user experience, strengthening compliance and security, and expanding practical use cases, the market can overcome these barriers. BiyaPay, as a leading multi-asset trading wallet, demonstrates a successful approach by offering integrated services, global payment solutions, and strong regulatory compliance. The future of the crypto industry looks promising, with the potential to attract new users through innovative products and improved user experiences.
About BiyaPay
BiyaPay is a global multi-asset trading wallet that supports instant exchange of more than 30 fiat currencies and more than 200 digital currencies, and provides USDT direct advertising US stocks, Hong Kong stocks and digital currency spot and contract trading services. Its compliance withdrawal channel and one-stop financial ecosystem are trusted by users around the world.
Learn more information
BiyaPay official website: www.biyapay.com
Customer service email: [email protected]
Telegram supports: https://t.me/biyapay001
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Blockchain
Blocks & Headlines: Today in Blockchain – May 9, 2025 | Robinhood, Solana, Tether, China, Women in Web3
Today’s blockchain landscape pulses with innovation, expansion and strategic jockeying. From established trading platforms laying the groundwork for international tokenized US asset markets to fresh efforts empowering women in Web3, the industry is evolving at frantic pace. Solana-based tokenization pathways, China’s state-driven blockchain masterplan and Tether’s push onto new Layer-1 rails further underscore diversification. In this daily op-ed, we unpack five major developments—examining what they mean for DeFi growth, NFT marketplaces, regulatory contours and the ongoing quest for greater inclusivity in crypto.
1. Robinhood’s European Blockchain Trading Ambitions
News Summary
Robinhood Markets Inc. is reportedly constructing its own blockchain infrastructure to facilitate trading of U.S. equities and other assets in European markets. Insiders suggest the project seeks to leverage distributed-ledger technology for settlement efficiency, near-real-time clearing and reduced reliance on legacy central counterparties. The move signals Robinhood’s ambition to transcend its domestic brokerage roots and capture European retail and institutional order flow.
Key Details
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Infrastructure Build: A private, permissioned ledger governed by Robinhood and selected counterparties.
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Asset Scope: U.S. equities, ETFs and potentially tokenized debt instruments.
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Regulatory Interface: Engagements with the U.K. Financial Conduct Authority (FCA) and European Securities and Markets Authority (ESMA) to align on custody and market-making rules.
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Timeline: Internal pilots slated for Q4 2025, with public rollout in mid-2026.
Analysis & Opinion
Robinhood’s pivot underscores a broader industry trend: exchanges and brokerages striving to “own the rails” rather than simply interface with existing clearinghouses. By internalizing settlement on a bespoke blockchain, Robinhood hopes to slash settlement times from T+2 to near-instant, a boon for liquidity providers and high-frequency traders. However, risks include the complexity of cross-border regulatory compliance and the operational challenge of maintaining robust on-chain and off-chain reconciliations.
From a DeFi convergence standpoint, Robinhood’s ledger could bridge traditional and decentralized finance, enabling tokenized margin lending and programmable corporate actions directly on-chain. Should Robinhood open permission to DeFi protocols, we may witness new hybrid liquidity pools that blend CEX order books with AMM liquidity. This would mark a milestone in mainstream DeFi adoption—and potentially pressure incumbents like Nasdaq to innovate their own on-chain settlement layers.
Source: Bloomberg
2. Women in Web3: Cultivating Greater Gender Diversity
News Summary
A recent deep-dive from Cointelegraph spotlights the persistent gender gap in blockchain and crypto. Despite Web3’s ethos of decentralization, women represent less than 20 percent of crypto investors and under 10 percent of core development teams. The article outlines initiatives—from targeted grants and incubation programs to mentorship networks—aimed at lowering barriers and attracting more female talent.
Key Details
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Current Statistics: Women account for approximately 17 percent of crypto traders globally; in development, the share dips below 8 percent.
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Notable Initiatives:
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Women in Blockchain Fund: USD 50 million allocated for early-stage female founders.
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Global Web3 Sisters Network: Mentorship platform pairing novices with veteran executives.
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University Partnerships: Scholarships for women studying blockchain engineering and cryptography.
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Analysis & Opinion
Web3’s promise of equal-opportunity innovation rings hollow if half the population remains sidelined. Heightened grant funding and mentorship can help, but systemic change requires cultural shifts within DAOs, core teams and investor circles. Projects and protocols must adopt policies—like blind code reviews, diversity hiring quotas and inclusive governance frameworks—to ensure sustainable participation.
Moreover, as the industry grapples with regulatory scrutiny, diverse leadership can foster better risk management and community trust. Women leaders have often been at the forefront of compliance, ethics and consumer protection—even in traditional finance—qualities sorely needed in crypto’s maturing phase. Token projects that embed gender-diverse advisory boards may see stronger reputational profiles and wider community buy-in.
Source: Cointelegraph
3. SOL Strategies: Tokenizing Shares on Solana
News Summary
SOL Strategies, a financial-services startup, is exploring a pathway to tokenize private and publicly traded shares on the Solana blockchain. Their recently filed whitepaper proposes a framework where equity is represented as SPL tokens, enabling fractional ownership, 24/7 trading and programmable dividend distributions.
Key Details
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Token Standard: Extension of Solana Program Library (SPL) with “Equity Token” schema.
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Custody Model: Licensed custodian holds underlying shares; token holders have legal claim via smart-contract link.
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Compliance Layer: On-chain KYC/AML middleware to restrict token transfers to approved wallets.
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Pilot Partners: Early engagements with two mid-cap European tech firms eyeing capital-raising via tokenization.
Analysis & Opinion
Tokenized equity stands to revolutionize capital markets by lowering minimum investment thresholds and unlocking global liquidity. On Solana, with its sub-second finality and low fees, fractional shares could trade seamlessly—outpacing Ethereum’s scalability challenges. Yet the critical hurdle lies in regulatory acceptance: will securities regulators view these tokens as bona fide equity or as unregistered securities?
SOL Strategies’ integrated custody approach could mollify regulators, replicating existing T+2 standards while enabling T+0 settlement on-chain. Should they secure regulatory sandbox approvals in the U.K. or Singapore, other blockchains—like Stellar and Polkadot—may race to develop similar tokenization toolkits. For DeFi protocols, tokenized equities could become collateral in lending pools, further intertwining traditional and decentralized finance.
Source: Newsfile Corp.
4. China’s Blockchain Playbook: Infrastructure, Influence & New Frontiers
News Summary
The Center for Strategic and International Studies (CSIS) published an extensive analysis of China’s state-driven blockchain strategy. Beyond its digital yuan rollout, Beijing is investing in cross-border infrastructure, influencing global standards bodies and forging Belt and Road blockchain corridors across Asia, Africa and Latin America.
Key Details
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Key Initiatives:
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BSN 2.0: Blueprint for national and international consortium chains.
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International Standards: Active lobbying in ISO/TC 307 for governance models favoring state-actors.
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Tech Diplomacy: Blockchain MOUs with Pakistan, Indonesia and several African union members.
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Strategic Goals: Extend digital yuan acceptance, export Chinese ledger tech, shape global governance.
Analysis & Opinion
China’s multi-pronged approach signals blockchain’s emergence as a theater of geopolitical competition. By undercutting SWIFT dependency and offering turnkey consortium-chain solutions, Beijing enhances its financial influence in Belt and Road countries. Western governments and multinationals must navigate this blockchain bifurcation—between open public rails and permissioned state-backed consortia.
For crypto projects, the CSIS report offers both caution and opportunity. While the digital yuan may corner state-aligned corridors, decentralized networks remain resilient by design. Projects focusing on interoperability—such as Polkadot bridges and Cosmos IBC—can link fragmented chains and preserve open value transfer. Investors should monitor on-chain metrics in emerging markets, as Chinese-backed consortium chains gain traction in cross-border trade finance.
Source: CSIS
5. Tether Expands Stablecoin Reach to 196 Million Users via Kaia
News Summary
Tether has launched USDT on the Kaia blockchain, bringing its flagship stablecoin to Kaia’s user base of approximately 196 million. Kaia, a burgeoning Layer-1 optimized for high-throughput mobile applications, opens new corridors for USDT in gaming, remittances and micro-trading in emerging markets.
Key Details
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Technical Integration: USDT issued as a native Kaia token, supported by Tether’s reserve-backing audit framework.
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User Impact: Near-zero fees for micro-transactions; sub-second confirmation times even on mobile networks.
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Partnership Scope: Integration with Kaia’s wallet SDK and gaming marketplace; joint launch of an educational DApp for fiat-on-ramp literacy.
Analysis & Opinion
By deploying on Kaia, Tether diversifies its blockchain footprint beyond Ethereum, Tron and Solana, underscoring a multi-chain thesis for stablecoin ubiquity. Emerging-market users—often plagued by volatile local currencies—stand to benefit immensely from a mobile-first, low-cost remittance rail. Moreover, Kaia’s developer incentives may spawn DeFi lending dApps collateralized by USDT, fueling localized credit markets.
Yet healthy competition among blockchains for stablecoin volume could concentrate risk: reserve transparency, network stability and regulatory compliance will differentiate winners. Tether’s public attestations and reserve audits are critical, but as US regulators intensify scrutiny on stablecoin giants, projects deploying on smaller chains may face fresh legal complexities around money-transmission licensing.
Source: Bitcoin.com
Conclusion & Key Takeaways
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Institutional On-ramp Acceleration: Robinhood’s European chain signals major brokerages view blockchain as core infrastructure—not mere gadget.
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Inclusivity Imperative: Women’s underrepresentation remains a blindspot; targeted grants and cultural reforms are needed for equal Web3 participation.
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Tokenization Tide: Solana’s high-speed rails may host the next wave of equity tokens, bridging capital markets and DeFi.
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Geopolitical Battlegrounds: China’s consortium chains and digital-yuan corridors illustrate how blockchain is reshaping global influence.
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Stablecoin Multichain Strategy: Tether’s Kaia integration reflects the logic of diversifying rails to reach underserved, mobile-first users.
As blockchain advances, the interplay between technological innovation, regulatory frameworks and social inclusion will define whether the next chapter of crypto fulfills its vision of open, equitable finance—or replicates old hierarchies in digital garb. Today’s headlines underscore that the path forward lies in cross-chain interoperability, proactive policy-shaping, and a relentless focus on broadening the community that stewards and benefits from these transformative networks.
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Blockchain Press Releases
MEXC Lists USD1, Accelerating Global Stablecoin Innovation with World Liberty Financial
VICTORIA, Seychelles, May 8, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced that it will list World Liberty Financial USD (USD1) in the Innovation Zone on May 9, 2025 (UTC). The USD1/USDT trading pair will also open at 08:00 on May 8, 2025 (UTC), and the MEXC Convert feature will be available from 09:00 on May 8, 2025 (UTC), offering users a seamless asset conversion experience. This listing expands the range of digital assets on the platform and further demonstrates MEXC’s commitment to advancing the global stablecoin ecosystem.
USD1: A New Era in Stablecoins and Financial Transparency
USD1 is World Liberty Financial (WLFI)’s stablecoin that provides secure and transparent digital asset services for global users. The stablecoin is backed 1:1 by the US dollar, with its reserve assets custodied by BitGo, held and subject to regular audits by third-party accounting firms to ensure transparency and stability. Currently, USD1 is deployed on both Ethereum and BNB Chain, with plans to expand to additional blockchains in the future to enhance interoperability.
Furthermore, USD1 has made significant strides in the decentralized finance (DeFi) ecosystem. For example, ListaDAO has launched a USD1 lending vault on BNB Chain, providing liquidity support for 20 million USD1. Renowned market maker DWF Labs has also deployed USD1 liquidity across multiple platforms, further enhancing its availability and market depth. According to the data from CoinMarketCap, USD1’s market capitalization has surpassed USD 2.12 billion, demonstrating strong market demand.
Special Promotion to Celebrate the Listing
To celebrate the successful listing of USD1, MEXC is launching a series of special offers to thank its users for their support. Starting May 8, 2025, at 08:00 (UTC), users can enjoy the following benefits:
- Zero Trading Fees: The USD1/USDT spot trading pair will have 0 trading fees.
- Zero Withdrawal Fees: Users will enjoy 0 withdrawal fees when withdrawing USD1.
MEXC Drives the Evolution of Stablecoins Through Ecosystem Empowerment
As a leading global cryptocurrency exchange, MEXC has earned the trust of 36 million users across 170+ countries worldwide, thanks to its fast token listing process, diverse asset offerings, deep liquidity, and robust security. At the same time, MEXC continues to empower quality projects and partners, actively promoting the healthy development of the global digital asset and stablecoin ecosystem.
Looking Ahead: A Shared Vision for the Future of Stablecoins
MEXC’s listing partnership with World Liberty Financial further drives innovation in the development of stablecoins. Looking ahead, MEXC will continue to strengthen its support for stablecoin projects, promoting the widespread adoption of stablecoins globally. At the same time, the platform will keep iterating its products and services to provide users with a more secure and seamless trading experience.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
BingX Unveils ChainSpot: A CeDeFi Innovation for Simpler and Safer On-Chain Trading
PANAMA CITY, May 8, 2025 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is proud to unveil ChainSpot, a pioneering CeDeFi (Centralized-Decentralized Finance) feature that empowers users to access decentralized tokens directly from their BingX accounts — without the need for external wallets or complex on-chain processes. As part of its 7th anniversary celebration, BingX becomes one of the first major exchanges to roll out such a hybrid product, signaling a bold leap forward in its product evolution.
With the promise of “One Tap, All Chains”, ChainSpot introduces an effortless way to explore and trade on-chain assets while staying fully protected by BingX’s centralized infrastructure. As a CeDeFi innovation, it blends the best of both centralized and decentralized worlds — offering the ease and reliability of a centralized exchange with the openness and innovation of DeFi protocols.
Key Benefits of ChainSpot
Designed to make on-chain trading simpler and safer, ChainSpot offers a host of features that enhance user experience:
- Enhanced Security: Users enjoy trusted safeguards like two-factor authentication and cold wallet storage while interacting with decentralized markets.
- Broader Asset Access: Seamlessly explore trending DeFi tokens and new on-chain projects — no bridges, no external wallet setup required.
- Smarter Discovery: AI-driven filters surface high-quality DeFi projects quickly, reducing research time and noise.
- Cross-Chain Compatibility: Built for a multi-chain future, ChainSpot supports cross-chain asset trading efficiently — all within one centralized interface.
Vivien Lin, Chief Product Officer of BingX, commented on the launch: “Over the past seven years, BingX has grown by staying close to our users. ChainSpot is a direct result of listening to their desire for more flexible, decentralized opportunities — without losing the security and convenience of our platform. Our goal with ChainSpot is to redefine what access to DeFi looks like, making it simple, intuitive, and protected. This isn’t just another feature — it’s part of a broader vision to shape a financial future where innovation meets inclusivity, and where security coexists with freedom.”
ChainSpot marks a strategic milestone in BingX’s evolution as a CeDeFi enabler. As the platform continues to expand its ecosystem, more innovative features and product enhancements are expected in the months ahead. Whether you’re a seasoned trader or just getting started in crypto, ChainSpot opens the door to DeFi’s full potential — without the friction.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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Blockchain1 day agoBlocks & Headlines: Today in Blockchain – May 7, 2025 | Coinbase, Riot Games, Curve DAO, Litecoin, AR.IO
