Stablecoin wealth management has recently seen a phenomenon that many people are paying attention to—the cooperation models between certain DeFi platforms and large exchanges are redefining yield logic.

Take USD1 stablecoin, for example, which is doing something interesting: one end connects to a top exchange's Earn product (providing approximately 20% APY), while the other end is its own low-interest lending. Users' strategy becomes—borrow USD1 to invest, while simultaneously participating in wealth management with USD1, with the interest spread in between being the yield. This kind of two-way linkage is indeed more flexible than pure lending or wealth management alone.

The key is the trust mechanism behind it. The reputation backing of large exchanges, combined with the liquidity support of DeFi platforms, means risks are relatively dispersed. LISTA, as the ecosystem token, has appreciation potential as cooperation deepens.

Of course, where is the ceiling of this model? It mainly depends on how widely ecosystem applications can expand. The integration of NFTs, mining, cross-chain and other sectors determines USD1's future usage frequency. No matter how high the wealth management yields are, if there's limited utility, it's pointless. So we need to observe the subsequent pace of ecosystem development.