TechFlow News: On June 10, according to an official announcement, Gate has launched a time-limited USD1 staking rewards campaign. During the campaign period, users holding USD1 in their asset accounts (minimum holding requirement: 1 USD1) can earn up to 20% annualized yield.
The annualized yield will be adjusted daily based on the remaining monthly reward budget and the platform’s total effective USD1 holdings. The updated annualized yield will be published daily around 14:00 (UTC+8).
The system captures a snapshot of users’ USD1 balances once per hour to calculate the average holding amount for yield calculation. Yields will be distributed to users’ asset accounts the following day.
According to the announcement, USD1 is a U.S. dollar-pegged stablecoin issued by World Liberty Financial. It is fully collateralized by U.S. Treasury bills and cash equivalents, designed to maintain a stable 1:1 peg with the U.S. dollar. As a regulated, reserve-backed asset, USD1 delivers the same price stability as traditional cash—on-chain and in digital form.
