Sun Ge and CZ Join Forces to Promote, New Stablecoin United Stables (U) Emerges

Original | Odaily (@OdailyChina)

Author｜Golem (@web3_golem)

Today, multiple cryptocurrency exchanges including Binance, Gate, and BitMart have successively announced the listing of the stablecoin United Stables (U). Previously, HTX (formerly Huobi) had already taken the lead in listing U on December 18th, simultaneously launching a wealth management activity with an annualized yield as high as 20%.

United Stables (U) positions itself as a next-generation stablecoin built for trading, payments, wealth management, and an AI-native ecosystem. It aims to reintegrate liquidity scattered across different chains and assets. It is currently live on BNB Chain and Ethereum, with a cumulative issuance of 409 million tokens.

In the current fiercely competitive stablecoin market, United Stables has quickly garnered community attention, primarily because it has gained the endorsement of two top influencers in the crypto space—CZ and Justin Sun. Since BNB Chain previewed the launch of a new stablecoin on December 16th, the community discovered that CZ and Justin Sun successively followed the official United Stables X account, rapidly boosting its popularity.

CZ and Justin Sun follow the United Stables (U) X account

On December 18th, crypto blogger BroLeon posted that CZ extensively mentioned stablecoins during that day's AMA and hinted that United Stables (U) is a second-generation stablecoin. These signs have also led the market to speculate that CZ may have deep involvement with the United Stables project.

Interestingly, United Stables' co-founder Athena Y also has a "Binance background." According to Athena Y's personal account description, she is the co-founder of the United Nations Development Programme's "Made in Africa" initiative and a co-founder of the stablecoin payment project Wello (supported by BNB Chain); the community uncovered another undisclosed identity: Athena Y previously served as the Executive Director of the Binance Charity Foundation (BCF), conducting multiple charity activities in Africa.

If CZ's support for United Stables (U) remains at the "verbal" level, Justin Sun's support involves real financial subsidies. On the day United Stables (U) was listed, HTX launched a wealth management activity with a 20% annualized yield. On December 19th, Justin Sun personally hosted a livestream with multiple KOLs to promote the stablecoin U, with the cover featuring an animated image of him and CZ holding the letter "U."

The attire of the two in this image matches what they wore during a government event in Pakistan on December 11th-12th. That day, CZ and Justin Sun took photos together with regulatory authorities; CZ was appointed as a strategic advisor to Pakistan's crypto committee, while HTX received a compliance license from local regulators. Afterwards, the two were also seen riding in a car together.

(In the image, Justin Sun wears a golden vest, while CZ is in a suit, tie, and white shirt)

The Stablecoin of Stablecoins

Having gained the favor of CZ and Justin Sun, what unique features does United Stables (U) possess?

United Stables (U) can be called the stablecoin of stablecoins. According to official information, U is fully collateralized 1:1 by US dollars and audited major stablecoins (such as USDT, USDC, and USD1). Additionally, U features real-time on-chain Proof of Reserves (PoR) and monthly audits. This structure not only enhances liquidity and reduces collateral asset volatility but also ensures users can always redeem their funds quickly and transparently.

The total issuance of United Stables (U) is 409 million tokens, all of which are currently in circulation. According to DeFiLama data, although United Stables (U) supports both BSC and Ethereum, its entire current supply is issued on BSC.

Regarding ecosystem integration, U has been integrated and supports the vast majority of BSC ecosystem applications, including mainstream DeFi protocols like PancakeSwap, Aster, Four.meme, and ListaDAO. Users can directly trade, stake, borrow, lend, and provide liquidity on-chain. For wallet support, Binance Wallet, Trust Wallet, and SafePal have simultaneously listed U.

United Stables has stated that "U is born for the AI era," but no specific related project developments have been disclosed yet.