TREE NEWS update: ADI PredictStreet has changed its website to say it operates with USDC instead of USD1, calling the earlier information outdated. On-chain analysis found no evidence the platform traded with USD1; it actually uses Circle-issued USDC. An IHC spokesperson said PredictStreet’s operator is no longer an IHC subsidiary. About 64% of USD1’s circulating supply is held on Binance, with no other exchange holding more than 5%.
PredictStreet Swaps USD1 for USDC; 64% of USD1 Supply Sits on Binance
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AI take
The correction matters less for PredictStreet itself than for what it reveals about USD1's concentration: a token whose float is overwhelmingly parked on a single venue carries venue-level risk that its headline supply figures obscure. The clarification also detaches the platform from IHC's corporate umbrella, shrinking the list of visible institutional anchors around the asset. Whether the Binance-heavy distribution reflects genuine trading demand or idle balances is the open question, and any shift in that concentration is worth watching.
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