USD1

USD1 is a stablecoin pegged to the US dollar, meaning each token is designed to be worth one dollar at all times. It is intended for people and institutions who want to move, store, or transact in dollar-denominated value on public blockchains without holding a government-issued currency directly. The token operates across several networks, including Ethereum, BNB Chain, Solana, Tron, Aptos, and Mantle, making it accessible to a wide range of blockchain users.

USD1 exists as a token on multiple blockchains rather than having its own consensus mechanism or block time, which is consistent with the stored data showing a block time of zero and no recorded consensus algorithm. The token is redeemable in the sense that the circulating supply is backed by reserve assets held off-chain, though the specific composition of those reserves is not recorded in the data provided here. Users receive USD1 when they deposit eligible assets with the issuer and can return it to reclaim the underlying collateral.

The data stored for USD1 does not include a fee stream, revenue figures, or protocol earnings, so fee-based measures common on this site are not applicable here. The total stablecoin supply recorded at this point in time is 4,211,970,648.33 tokens, while the circulating supply is 4,148,120,012.63 tokens; the supply declined by approximately 2.77 percent over the most recent 30-day period. With 100 percent of supply already issued and no supply pending, there is no scheduled future issuance recorded in the data.