USD1vsGHO
World Liberty Financial USD vs GHO — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USD1 — World Liberty Financial USD
GHO — GHO
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USD1 supply moved -10.1% and GHO +16.7% — GHO grew faster. USD1 held the tighter band: worst deviation 18 bps against 26 bps.
Key differences
- USD1 is roughly 5.8× larger than GHO by USD circulation value ($4.03B vs $697.5M).
- USD1 ranks #5 while GHO ranks #17 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- USD1 is a fiat-backed stablecoin; GHO is crypto-backed. Different mechanism, different failure modes.
- Reserves differ — USD1 holds us treasuries, GHO holds overcollateralized (aave).
- USD1 is deployed on 8 chains — much broader coverage than GHO's 2.
Full comparison table
| Metric | USD1 | GHO |
|---|---|---|
| USD circulation value | $4.03B | $697.5M |
| Rank (by USD value) | #5 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | US Treasuries | Overcollateralized (Aave) |
| Chains deployed | 8 | 2 |
| Primary chain | Ethereum | Ethereum |
| Issuer | World Liberty Financial | Aave |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USD1 and GHO?
Both track USD, so they compete for the same use cases. USD1 holds us treasuries; GHO holds overcollateralized (aave). USD1 ranks #5 by USD value and GHO ranks #17.
Which is bigger, USD1 or GHO?
USD1 is larger, with $4.03B in circulation vs $697.5M for GHO. That's roughly 5.8× the size.
Is USD1 safer than GHO?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. USD1 uses a fiat-backed model; GHO uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USD1 and GHO?
Yes. USD1 and GHO 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 USD1 or GHO?
The right choice depends on your use case. Consider: which chain do you need? USD1 is available on 8 chains and GHO on 2. 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.