Analyst: USD1 got off to a dismal start, with limited capital inflows and a lack of real demand

According to CNBC, data shows that the stablecoin USD1 launched by Trump's World Liberty Finance has had a dismal start, with weak inflows and a lack of real demand. Kaiko analyst Adam Morgan McCarthy said that the token has not yet successfully made the leap from a decentralized trading platform to a centralized trading platform serving the mass market. According to Kaiko research, the average daily trading volume of USD1 on PancakeSwap, a decentralized exchange based on Binance Smart Chain, once exceeded 14 million US dollars. The trading volume on the Binance platform itself was only 8 million US dollars. And more than half of the liquidity on PancakeSwap comes from three wallets. "These are market making wallets, not real demand." McCarthy said. USD1 has yet to demonstrate broad market acceptance, with Ripple's new RLUSD trading at around $50 million per day, far exceeding USD1. A major reason for the lagging is the lack of institutional partners or marketing activity incentives, which are often key factors in gaining attention in the early days of the stablecoin market.