World Liberty Financial (WLFI) announced that its flagship digital dollar stablecoin USD1 has, for the first time, eclipsed $3 billion in circulating supply. USD1 today reached a peak supply of over $3.07 billion.
USD1 is a fully redeemable, 1:1 dollar-backed stablecoin supported by reserves held in U.S. treasury bills, cash deposits, and other cash equivalents. World Liberty Financial (WLFI) announced that its flagship digital dollar stablecoin USD1 has surpassed $3 billion in circulating supply for the first time, highlighting growing adoption of dollar-backed crypto assets. USD1 peaked at about $3.07 billion in circulating supply, marking a notable milestone for the issuer and its users. USD1 is fully redeemable and maintained on a 1:1 dollar basis, backed by reserves held in U.S. Treasury bills, cash deposits, and other cash equivalents.
This structure ensures full convertibility to dollars for holders and supports confidence in the stablecoin’s safety and liquidity. The milestone underscores the expanding role of stablecoins in the crypto market, illustrating WLFI’s continued influence in the dollar-backed asset space and signaling ongoing investor interest in stable, widely redeemable digital dollars.
Leave a Reply