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Because Gate's Launchpad supports USD1 investment this time, a large amount of USD1 is flowing into Gate. Currently, Gate has become the second-largest exchange in terms of USD1 holdings, second only to Binance.
At present, the majority of USD1 is on the BSC chain, with a small portion on the chain. Gate currently holds about $170 million worth of USD1 on the BSC chain (second among exchanges) and about 20 million on the chain (first among exchanges). This is consistent with their current total USD1 investment in Launchpad of 196 million.
Gate's Launchpad project this time is IKA, which can be subscribed to using USD1 and . Currently, the USD1 investment amount is 196 million, and the investment amount is 5.13 million ($93.5 million).
Launchpad page: gate.com/zh/launchpad



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