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Binance CZ on USD1 Replacing USDT and USDC: "The More Stablecoins, The Merrier"

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By Carine W.Mar 26, 2025

Trump's WLFI Project Enters Stablecoin Market: What This Means for Crypto Trading.

By Carine.W

The Trump-Family-Backed DeFi Project WLFI announced plans to launch a new stablecoin called USD1. This announcement has sparked discussions within the cryptocurrency community about whether USD1 could potentially replace established stablecoins like USDT (Tether) and USDC (USD Coin).

In response to these speculations, Binance founder Changpeng Zhao (CZ) clarified his position on the matter. "No need to replace [USDT and USDC]. The more [stablecoins], the merrier," CZ stated, suggesting that additional stablecoin options would benefit the overall cryptocurrency ecosystem rather than necessarily displacing existing players.

The statement came in response to a question posed by Crypto BN on social media asking whether USD1 could potentially replace USDT and USDC. CZ's response indicates a perspective that favors diversity in the stablecoin market rather than a winner-takes-all approach.

Community reactions to the announcement have been mixed, with some users expressing enthusiasm for more stablecoin options while others question whether the market needs another USD-pegged digital asset alongside the already established options.

This development comes at a time when stablecoins continue to play a crucial role in cryptocurrency trading, providing traders with a hedge against market volatility while maintaining the benefits of blockchain-based transactions.

CZ Stablecoin

Carine W.

A seeker of truth in crypto, blending writing, peace, and prayer to inspire a global audience.

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