Market Performance

Since its launch in March 2025, the USD1 has achieved a market capitalization of $2.1 billion in just over a month. This rapid rise has positioned USD1 as the fastest-growing stablecoin in history, largely driven by a significant institutional deal.

At the Token2049 conference in Dubai in April 2025, WLFI co-founder Zach Witkoff announced that USD1 was selected to facilitate a $2 billion investment deal between Abu Dhabi's MGX and Binance. This exclusive agreement highlighted USD1's institutional appeal and contributed to its market capitalization increase.

Things to Consider

Lack of transparency in reserves

Established stablecoins like USDC and USDT provide regular attestations detailing their assets and liabilities. As of May 2025, there is no public information available regarding the composition of USD1's reserves. WLFI has committed to regular third-party audits to verify that USD1 is 100% backed, but the absence of current breakdowns of reserves may raise concerns for some investors.