Decentralized exchange Aster has announced a major shift, making USD1 the sole settlement asset for all TradFi perpetual contracts on its platform, effectively replacing USDT. This move underscores Aster's commitment to integrating real-world assets (RWAs) into on-chain derivatives.
USD1 Replaces USDT as Exclusive Settlement Asset
Under the new policy, all margin, profit/loss, and fees for TradFi perpetuals will be denominated in USD1. The stable asset, pegged to the U.S. dollar, aims to provide a more transparent and compliant settlement base, particularly suitable for RWA trading scenarios.
First RWA Trading Markets Go Live
The first batch of RWA perpetual markets launched in USD1 includes $CLUSD1 (copper), $XAUUSD1 (gold), $XAGUSD1 (silver), and $BZUSD1 (Brent crude oil). These commodity-backed RWA contracts allow investors to trade traditional assets directly in a decentralized environment.
Competitive Fee Structure
To attract liquidity, Aster introduced an aggressive fee structure for USD1 pairs: Taker fee is just 1 basis point (0.01%), while Maker fee is -0.5 basis points (-0.005%), meaning makers earn rebates. The strategy aims to quickly build depth and activity in USD1 markets.
Partnership with WLFI for Deep Token Integration
Aster also announced a collaboration with World Liberty Financial (WLFI) to explore deep token-level integration. WLFI, a project focused on RWA and DeFi, will work with Aster to enhance ecosystem synergies and promote large-scale on-chain adoption of RWA markets. Potential areas include liquidity sharing, cross-chain interoperability, and joint product development.
Aster's full transition to USD1 and introduction of RWA perpetuals reflects the broader trend of DEXs converging with traditional financial assets. Analysts suggest that if USD1 can attract sufficient liquidity, it could reshape the landscape of on-chain perpetuals and accelerate the circulation of tokenized RWAs.