These past few days while watching the charts and placing orders, I noticed that during certain periods, the depth of BTC/USD1 actually looks more solid than BTC/USDC. Especially at several key price levels, I often see multiple large orders sitting there, with relatively thick support on both the buy and sell sides.

On the other hand, for BTC/USDC, many price levels are still dominated by smaller orders, and the order book continuity is weaker. This difference isn't just about how the page looks—you can really feel it when placing actual orders. Whether the depth is sufficient, how big the slippage is, and whether execution is smooth all matter quite a bit for users trading contracts.

Where USD1 is currently competitive is, first, the very low spread, and second, zero maker fees.

Combined, these two factors give a clear cost advantage to people who like to place limit orders, run strategies, do grid trading, or engage in short-term trading. A lot of the time, trading isn't just about getting the direction right—execution cost also matters. Lower fees and less slippage, over time, have a non-trivial impact on trading experience and strategy outcomes.

Now, when looking at USD1, I don't just see it as a stablecoin for yield farming anymore. It's moving toward the trading side, and in certain time periods, the order book performance of BTC/USD1 can already be compared with mainstream settlement pairs.

Whether a stablecoin can truly succeed depends not only on its issuance volume but also on whether traders are willing to use it for pricing, settlement, placing orders, and running strategies.

As it stands, USD1's competitiveness on the trading side is gradually becoming apparent: low fees, tight spreads, and its depth is steadily catching up—all of these are tangible experience advantages.

Of course, order book depth is dynamic and varies across different time periods, so you can't draw conclusions just from one snapshot. But BTC/USD1 is definitely a trading pair worth adding to your watchlist.

Sometimes the real edge isn't necessarily a more aggressive directional call, but lower trading friction and a more stable execution experience.

BTC/USD1 contract experience:

#DYOR