World Liberty Financial's USD1 Supply Grows 9.7% in a Week to $4.85 Billion

USD1's circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move on the World Liberty Financial-issued stablecoin's three-month supply history.

The dollar increase works out to roughly $427 million in new tokens between Monday last week and Sunday, according to DefiLlama's stablecoin tracker. USD1's 30-day change is under 1%, so nearly the entire move happened in the past nine days, after a mid-June low of $4.34 billion. The asset is now the fourth-largest dollar-pegged stablecoin, behind Tether, USDC and Sky's USDS.

Where the Tokens Live

USD1 circulates across eight chains, with Ethereum carrying $1.99 billion (41%), BSC $1.80 billion (37%) and Solana $1.02 billion (21%). Aptos, Tron, Plume, Monad and Abcore split the remainder. The stablecoin is described by issuer World Liberty Financial as backed by U.S. Treasuries and cash equivalents, with mint and redeem flows handled by authorized institutional partners against custodied reserves. DefiLlama's record for the token lists no public audit attestation.

Two Top-10 Stablecoins Went the Other Way

Two other stablecoins in the same size tier contracted over the same window, while the overall stablecoin market cap was flat at $315.5 billion. Sky's USDS supply dropped 3.5% in seven days to $8.16 billion, shedding roughly $295 million, per DefiLlama. PayPal's PYUSD slipped 1.1% on the week to $2.74 billion and is down 24% over 30 days, a trajectory PayPal has not publicly addressed.

The three coins span the $2 billion to $9 billion supply band and overlap on institutional and payments use cases. USD1 added net supply in the same seven days the other two lost it.

What's Driving the Mint

Two recent USD1 distribution channels could plausibly account for new issuance: Aster's announcement that its real-world-asset perpetuals would settle exclusively in USD1, and World Liberty Financial's payout of UFC Freedom 250 prize money in USD1 at the White House earlier this month.

WLFI, the project's governance token, trades at $0.0591 with a $1.88 billion market cap and is down 2.1% on the week, according to DefiLlama's price feed. The rebound is concentrated in the stablecoin, not the governance token.