A major exchange has launched a new stablecoin project $U. What seems like a routine token issuance actually reveals a lot of underlying information.

The project currently has a market cap of 400 million, and has introduced an annualized 20% incentive plan. This yield is indeed attractive in the stablecoin sector. More interestingly, the driving force behind it includes well-known institutions collaborating with a leading blockchain ecosystem, along with core ecosystem partners such as BNB Chain, Aster, and ListaDAO.

This is not just a simple arbitrage tool; from its structure and resource allocation, it resembles a new exploration of Stablecoin 2.0. The fact that a stablecoin project can mobilize so many ecosystem forces to participate simultaneously indicates a high level of industry recognition for its innovative model.

With the current pace, there are likely to be even bigger moves in the future. It feels like this sector is about to heat up.