Interview with Charles, Founder of StakeStone: Why was he chosen by WLFI and how did he eat the first crab in USD1?

By Web3 farmer Frank

What is the core competitiveness of the stablecoin business?

"Credit".

StakeStone founder Charles' reply is straightforward and naked, and in the stablecoin war, the typical embodiment of "credit" is the credit endorsement of the Trump family like USD1. Less than 100 days after its birth, USD1 achieved phenomenal "0 to 1" growth and full coverage of top exchanges:

Since March, the issuance has soared to $2.1 billion, surpassing FDUSD and PYUSD to become the fifth largest stablecoin in the world (CoinMarketCap data), and has fully landed on leading CEXs such as HTX, Bitget, and Binance, while PYUSD, which has been backed by PayPal for two years, is still struggling to penetrate.

In Charles' view, "the essence of currency issuance is credit", and the stronger the credit, the faster it will be applied, so he is sure that USD1 will be the stablecoin with the most growth...

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