PANews reported on May 9 that according to official news, Web3 travel and consumption platform Umy announced that it officially supports the USD1 stablecoin running on BNBChain and Ethereum networks. Users can now use USD1 to book over one million hotels, luxury travel services and non-standard customized travel products around the world on the Umy platform, realizing a seamless transformation of encrypted assets into real consumption.

As one of the first real consumer applications to support USD1, Umy offers competitive prices. Hotel room rates on the platform are generally 10-15% lower than the market price. With coupons and festival promotions, discounts can be as high as 25-35%. This access to USD1 further expands the actual use scenarios of stablecoins, pushing them out of the chain and into the mainstream life consumption field.

Umy said that he will continue to promote multi-chain and multi-currency payment strategies, build a channel infrastructure connecting crypto assets with the real world, and accelerate the implementation of stablecoins in global travel and high-frequency consumption.