About 64% of the USD1 circulating supply is held on Binance, and no other exchange holds more than 5%

PredictStreet has updated its official website to state that it uses USDC instead of USD1, claiming that the previous information is outdated. On-chain analysis has found no evidence that the platform trades using USD1; it actually uses USDC issued by Circle.

An IHC spokesperson stated that the operator of PredictStreet is no longer a subsidiary of IHC. Approximately 64% of the USD1 circulation is held on Binance, while no other exchange holds more than 5%.