$USD1’s circulating supply expanded by 9.7% over the past seven days to $4.85 billion, a 100% move in the three-month supply history of the stablecoin issued by World Liberty Financial.
The dollar increase equates to approximately $427 million in new tokens between last Monday and Sunday, according to DefiLlama’s stablecoin tracker. $USD1The 30-day change in the stock is less than 1%, meaning that nearly all of the movement since the mid-June low of $4.34 billion has occurred in the past nine days. The asset is currently the fourth largest dollar-pegged stablecoin after Tether, USDC, and Sky’s USDS.
Where the token resides
$USD1 Circulating across eight chains, Ethereum carries $1.99 billion (41%), BSC $1.8 billion (37%), and Solana $1.02 billion (21%). Aptos, Tron, Plume, Monad, and Abcore split the rest. The stablecoin is backed by U.S. Treasury securities and cash equivalents, with minting and redemption flows handled by authorized institutional partners against stored reserves, according to issuer World Liberty Financial. DefiLlama’s token records do not feature any public audit certification.
Two Top 10 Stablecoins Go in Opposite Directions
Two other stablecoins of similar size also shrunk over the same period, but the overall stablecoin market cap remained flat at $315.5 billion. According to DefiLlama, Sky’s USDS supply fell by 3.5% over the seven-day period to $8.16 billion, a decrease of about $295 million. PayPal’s PYUSD has fallen 1.1% this week to $2.74 billion, and is down 24% in 30 days, but PayPal has not disclosed its trajectory.
The three coins range in supply from $2 billion to $9 billion and overlap with institutional and payments use cases. $USD1 Net supply increased during the same seven-day period that the remaining two companies decreased.
What makes mint tick?
2 recent items $USD1 Distribution channels could be the cause of new issuance: Aster’s announcement that real-world permanent assets will be settled exclusively $USD1UFC Freedom 250 Prize Payments by World Liberty Financial. $USD1 at the White House earlier this month.
According to DefiLlama’s price feed, the project’s governance token WLFI has a market capitalization of $1.88 billion and is trading at $0.0591, down 2.1% this week. The rebound is concentrated in stablecoins rather than governance tokens.
