Recently, there has been an interesting development: USD1 has officially entered the prediction market. Myriad has directly adopted USD1 as the core settlement asset, simply put: all transactions in the prediction market will be settled using USD1. This is the first time a prediction market has used USD1 as its underlying currency. Many people who see this news might think, "Oh, just another application." But if you look back at the history of stablecoins, you'll notice one thing: stablecoins have never risen based on being "more stable." They have always relied on: first occupying a scenario, then capturing the market. And the prediction market is a new scenario that USD1 is currently targeting. The prediction market is actually very important for stablecoins; it is essentially a trading market: high trading frequency, fast capital turnover, and strong user stickiness. As long as you participate in the prediction market, your funds must: deposit, trade, settle, and then bet again. This creates a cycle: Stablecoin → Trading → Settlement → Stablecoin So, Myriad's choice to use USD1 as the sole settlement asset essentially locks user funds in the USD1 cycle. Looking back at how USDT rose to prominence, many people now take it for granted that USDT is the king. But its initial rise was not due to being more transparent, compliant, or secure. It was simply because exchanges were using it; it was that straightforward, they got in early. After 2014, as long as you were trading, you had to use USDT. This created a huge flywheel: exchanges → trading pairs → liquidity → more trading pairs. USDT became the most widely used stablecoin for global trading. Many people overlook one point: the first battlefield for USDT was never payments, but trading. The rise of USDC is completely different. USDC's approach is almost the opposite; it did not start with trading. Instead, it focused on compliance, institutions, and the banking system. From the beginning, Circle chose to collaborate with the U.S. banking system and positioned USDC as a more compliant and transparent stablecoin. Later, its main sources of growth became: institutional funds, DeFi collateral, and corporate payments. It even went as far as to pursue an IPO....