According to @ai_9684xtpa, Binance launched a USD1 Earn offer with a 20% APR subsidy, capped at $50,000 per account, with any amount above the cap earning 0.26% (source: @ai_9684xtpa). Following the launch, USD1 supply increased by 118 million, lifting its market capitalization to $2.87 billion (source: @ai_9684xtpa). USD1 on Binance briefly traded at a premium up to $1.0039, which favors existing USD1 holders versus new buyers paying the premium (source: @ai_9684xtpa). On-chain data shows Jump Trading withdrew 100 million USD1 from BitGo and deposited it to Binance within four hours, as cited to address heightened USD1 liquidity needs (source: Arkham Intelligence via the Jump Trading entity page cited by @ai_9684xtpa). The source also notes uncertainty over whether the 20% APR subsidy is provided by Binance or WLFI, and emphasizes that the premium and deposit cap materially affect net yields for participants (source: @ai_9684xtpa).