Bubble
World Liberty Financial USD USD1
World Liberty Financial USD (USD1) was trading at $0.9991, ranked #21 by market cap at $4.18B, with 24h volume of $80.00M.
Data snapshot: 2026-07-22 18:00 UTC.
USD1 is a fiat-backed stablecoin issued by World Liberty Financial, a DeFi lending platform launched in late 2024. Each USD1 is intended to be backed 1:1 by cash and short-term US Treasury securities, custodied by BitGo Trust Company, and since its March 2025 launch it has grown into one of the larger dollar-pegged stablecoins by supply. USD1 is a dollar stablecoin issued by World Liberty Financial, backed by cash and short-term government securities held with an institutional custodian. Its distinguishing feature is not technical but political: the issuer's ownership has made it a subject of public debate in a way no other stablecoin is. For a market map the practical points are the ordinary ones — where the reserves sit, who attests to them, and how much supply is actually circulating — and those should be checked directly rather than inferred from attention.
What backs USD1?
Cash and short-term government securities held with an institutional custodian, in the same broad structure as other fiat-backed stablecoins.
Why is USD1 discussed more than its size suggests?
Because of who issues it. Its public profile comes from the ownership of the issuer rather than from anything unusual in its design.
How should a new stablecoin be assessed?
By where reserves are held, who attests to them and how often, how redemption works, and how much supply actually circulates — not by public attention.
Does it appear grey on the bubble map?
Yes, like other stablecoins. Its price stays near a dollar, so its colour carries little information; its market cap is the figure to watch.
Market cap decides how big a bubble is drawn, so rank is what places USD1 on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #14 | Binance Bridged USDT (BNB Smart Chain) (BSC-USD) | $9.17B |
| #18 | Dai (DAI) | $4.63B |
| #21 | World Liberty Financial USD (USD1) | $4.18B |
| #22 | Ethena USDe (USDE) | $4.05B |
| #24 | Global Dollar (USDG) | $3.25B |