DAIvsUSD1
Dai vs World Liberty Financial USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
DAI — Dai
USD1 — World Liberty Financial USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days DAI supply moved -1.6% and USD1 -10.1% — DAI grew faster. DAI held the tighter band: worst deviation 4 bps against 18 bps.
Key differences
- DAI is roughly 1.2× larger than USD1 by USD circulation value ($4.79B vs $4.03B).
- DAI ranks #4 while USD1 ranks #5 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- DAI is a crypto-backed stablecoin; USD1 is fiat-backed. Different mechanism, different failure modes.
- Reserves differ — DAI holds overcollateralized crypto cdp, USD1 holds us treasuries.
- DAI is deployed on 49 chains — much broader coverage than USD1's 8.
Full comparison table
| Metric | DAI | USD1 |
|---|---|---|
| USD circulation value | $4.79B | $4.03B |
| Rank (by USD value) | #4 | #5 |
| Peg | USD | USD |
| Mechanism | crypto-backed | fiat-backed |
| Backing | Overcollateralized crypto CDP | US Treasuries |
| Chains deployed | 49 | 8 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Sky (formerly MakerDAO) | World Liberty Financial |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between DAI and USD1?
Both track USD, so they compete for the same use cases. DAI holds overcollateralized crypto cdp; USD1 holds us treasuries. DAI ranks #4 by USD value and USD1 ranks #5.
Which is bigger, DAI or USD1?
DAI is larger, with $4.79B in circulation vs $4.03B for USD1. That's roughly 1.2× the size.
Is DAI safer than USD1?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. DAI uses a crypto-backed model; USD1 uses a fiat-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between DAI and USD1?
Yes. DAI and USD1 both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose DAI or USD1?
The right choice depends on your use case. Consider: which chain do you need? DAI is available on 49 chains and USD1 on 8. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.