1. USD1 Key Facts
| Token | USD1 |
|---|---|
| Peg | 1 U.S. dollar |
| Peg type | Fiat-backed stablecoin |
| Project / brand | World Liberty Financial USD1 |
| Launch announcement | March 25, 2025, according to the World Liberty Financial announcement distributed by Business Wire |
| Initial chains announced | Ethereum and BNB Smart Chain |
| Issuance and redemption infrastructure | BitGo, under published USD1 terms |
| Latest attestation reviewed | Crowe LLP report for February 2026, dated March 27, 2026 |
| Current market data source | CoinGecko and CoinMarketCap live USD1 pages, checked May 7, 2026 |
| Holder yield status | BitGo terms state that USD1 itself does not generate interest or return for holders |
2. USD1 Backing and Reserve Composition
The latest public USD1 reserve attestation found during this review is the Crowe LLP report for February 2026. It reports the following figures as of February 28, 2026.
| Reserve item | Reported amount |
|---|---|
| Demand deposits | $722,931,960 |
| Government money market fund | $3,992,690,861 |
| Total redemption assets | $4,715,622,821 |
| Redeemable USD1 tokens outstanding | 4,711,598,233 USD1 |
The attestation describes the comparison between redemption assets and redeemable USD1 tokens outstanding for that date. It is a point-in-time attestation, not a live reserve feed.
3. Audit and Attestation Status
BitGo publishes USD1 reserve attestations on a dedicated attestation page. At the time of this review, the page listed monthly reports for 2025 and 2026, including the February 2026 Crowe LLP report dated March 27, 2026.
4. USD1 Redemption Mechanism
BitGo's USD1 terms separate direct BitGo redemption from third-party market trading. The terms state that only BitGo Accountholders may directly mint and redeem USD1 with BitGo. Users who are not BitGo Accountholders may still hold or trade USD1 where third-party venues support it, but that is not the same as direct redemption with BitGo.
The terms also state that USD1 reserve assets may include cash and U.S. Treasury bills, notes, or similar securities, and that holders are not entitled to interest or returns generated by those reserve assets.
5. USD1 Market Cap, Price and Exchanges
USD1 market cap, price, volume, and exchange listings change continuously. CoinGecko and CoinMarketCap both maintain live USD1 market pages. On May 7, 2026, public market data pages showed USD1 as a multi-billion-dollar stablecoin, with live market cap figures changing by source and timestamp.
| Current market cap | Use live CoinGecko or CoinMarketCap data because the figure updates intraday |
|---|---|
| Live price range source | CoinGecko USD1 page lists live price, 24h range, all-time high, and all-time low |
| Exchange data source | CoinGecko and CoinMarketCap exchange/markets tabs |
| Exchange examples | Live market pages list centralized exchange and on-chain trading venues; availability varies by jurisdiction and venue |
6. Supported Chains and Contract Addresses
The February 2026 Crowe LLP attestation lists USD1 across Ethereum, BNB Smart Chain, Tron, Aptos, and Solana. Contract addresses below are transcribed from that attestation and should be checked against official or attestation sources before any transfer.
| Chain | USD1 contract / token address |
|---|---|
| Ethereum | 0x8d0d000ee44948fc98c9b98a4fa4921476f08b0d |
| BNB Smart Chain | 0x8d0d000ee44948fc98c9b98a4fa4921476f08b0d |
| Tron | TUpMhErZL2fhh4sVNULAbNKLokS4GjC1F4 |
| Aptos | 0x003687e77ce5a46bb05c318f9c3019a8f8a7f73c195a0d1f2c406f5f5cb1921222::usd1::USD1 |
| Solana | USD1ttGY1N17NEEHLmELoaybftRBUSErhqYiQzvEmuB |
Before sending USD1, check the recipient address
Stablecoin metadata does not verify the destination wallet. If you are sending USD1 to an EVM address, scan the address for blacklist and behavior signals first.
Open Address Risk Checker7. Holder Yield and DeFi Yield Comparison
BitGo's USD1 terms state that USD1 itself does not generate interest or return for holders, and that holders do not receive interest or other returns from reserve assets. That is different from depositing a stablecoin into a third-party lending market, exchange product, or DeFi protocol, where the yield comes from the third-party venue or protocol mechanics.
If you are comparing live DeFi lending rates for major stablecoins, use the Stablecoin Yield Scanner to check USDT and USDC APY by protocol, chain, TVL, and base vs reward yield breakdown.
Compare live USDT and USDC DeFi rates
Earning yield on stablecoins? Check current USDT and USDC APY across Aave, Compound, Spark, Fluid and other tracked DeFi markets.
8. USD1 vs USDT and USDC Data Points
This is not a full stablecoin comparison page. The table below lists the data fields that matter when comparing USD1 with larger stablecoins such as USDT and USDC.
| Dimension | USD1 data point |
|---|---|
| Market cap | Live market cap appears on CoinGecko and CoinMarketCap and changes intraday |
| Reserve composition | February 2026 attestation: demand deposits plus government money market fund |
| Custodian / infrastructure | BitGo USD1 infrastructure and terms |
| Audit / attestation frequency | Monthly public reserve attestations listed by BitGo |
| On-chain redemption access | Direct BitGo redemption is limited to BitGo Accountholders under the published terms |
| Holder yield | Published BitGo terms state no interest or return to USD1 holders from reserve assets |
| Supported chains | Ethereum, BNB Smart Chain, Tron, Aptos, and Solana listed in the February 2026 attestation |
| DeFi support | Check individual protocol markets and liquidity pools; our current live scanner focuses on USDT and USDC yield markets |
| Public debate | Media and market coverage focuses on issuer affiliation, reserve disclosures, and regulatory context; this page does not evaluate those issues |
| Observed user groups | Exchange traders, stablecoin holders, on-chain transfer users, and readers comparing reserve and redemption data across stablecoins |