Can World LibertyFi's USD1 Compete with USDT & USDC?
How big is $USD1 right now? $USD1 carries a market cap and circulating supply of roughly $4.53 billion, and the peg is holding firm around $1. That ranks it as the fourth-largest stablecoin and the 21st-largest crypto asset overall. For scale, $USDT sits near $189.8 billion and $USDC near $77 billion as of today. $USD1 has cleared the next tier of dollar tokens, including Ethenas $USDe, PayPals $PYUSD and Ripples $RLUSD, but the two market leaders are an order of magnitude away. Total dollar-stablecoin supply is now above $324 billion, with $USD1 taking a small slice. Top Stablecoins by Market Cap (CoinMarketCap)Is $4.53 billion an all-time high? $USD1 first crossed $3 billion in December 2025, pushed above $5.3 billion in late January 2026, and peaked higher through the first quarter. The current $4.53 billion is a strong level and renewed momentum, not a fresh record. Supply has expanded steadily while the peg has held, which is the more durable signal. What is driving the growth? Most of the climb traces back to aggressive distribution and exchange support, not slow organic demand. The past several months:Binance incentives. Binance has run a continuously renewed $USD1 airdrop campaign, currently a $13 million WLFI pool distributing weekly to $USD1 holders