$USD1 stablecoin saw its circulating supply rise 9.7 % over the last seven days, climbing to $4.85 billion—a record‑setting jump in its three‑month history. DefiLlama’s tracker attributes the surge to roughly $427 million of newly minted tokens between Monday and Sunday. The 30‑day change stays below 1 %, indicating that most of the expansion occurred after a mid‑June trough of $4.34 billion.
Supply Growth Overview
The rapid increase catapulted $USD1 into the rank of the fourth‑largest dollar‑pegged stablecoin, trailing only Tether, USDC and Sky’s USDS. Investors now watch $USD1’s supply dynamics closely, as the token’s market position reflects both demand for dollar‑stable assets and the issuer’s issuance strategy. Despite the sharp weekly rise, the broader stablecoin market cap held steady at $315.5 billion during the same period.
Chain Distribution and Backing
$USD1 circulates on eight blockchain networks, with Ethereum hosting $1.99 billion (41 %), Binance Smart Chain holding $1.80 billion (37 %) and Solana containing $1.02 billion (21 %). The remaining tokens are spread across Aptos, Tron, Plume, Monad and Abcore. World Liberty Financial claims the coin is fully collateralized by U.S. Treasury securities and cash equivalents, with minting and redemption managed by authorized institutional partners, although DefiLlama notes the absence of a public audit attestation.
Stablecoin Market Context
While $USD1 expanded, two other top‑10 stablecoins contracted during the same week, underscoring divergent trends among dollar‑pegged assets. Sky’s USDS saw its supply shrink 3.5 % to $8.16 billion, shedding approximately $295 million. The contrasting movements highlight how investors allocate capital across different crypto‑backed stablecoins in a flat overall market.