USD1 Settlement Expansion on Binance

Interesting to see Binance’s new SpaceX perp that pairs with USD1. SpaceX news rarely follows market hours. If a Starship event happens on Saturday, traditional markets are closed, but this contract is still trading. There’s also a clear expansion happening around $USD1. BTCUSD1 arrived in May. Now, just 2 months later USD1 is being used to settle a stock-linked perp on the largest crypto venue. That gives equity traders a reason to keep USD1 as margin, bringing a new type of demand beyond crypto pairs. To be clear, $SPCXUSD1 is synthetic exposure, not SpaceX share ownership. Still, I’m genuinely curious where Binance takes USD1 settlement next.