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This isn’t just another trading pair. It’s a shift in what stablecoins are actually used for. We went from $BTC perpetuals to $SPCX $USD1. That’s crypto settlement moving straight into equity-linked derivatives. SPCX$USD1 gives you synthetic exposure to SpaceX. You don’t own the stock. But you get 24/7 trading, up to 25x leverage, and all P&L plus funding fees settled in $USD1. The bigger story is the asset class change. Traditional markets shut on weekends. Binance Futures doesn’t. Price keeps moving, and now equity traders are bringing fresh capital into the system. That capital is being accounted in $USD1. A stablecoin’s power isn’t only about how much is issued. It’s about how many different assets choose to settle in it. $USD1 is starting to be that settlement layer. Crypto first, now equities. Next is everything else.