USD1vsUSDf
World Liberty Financial USD vs Falcon USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USD1 — World Liberty Financial USD
USDf — Falcon USD
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 USDf -0.3% — USDf grew faster. USD1 held the tighter band: worst deviation 18 bps against 54 bps.
Key differences
- USD1 is roughly 3.2× larger than USDf by USD circulation value ($4.03B vs $1.26B).
- USD1 ranks #5 while USDf ranks #14 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; USDf is crypto-backed. Different mechanism, different failure modes.
- USD1 reports us treasuries in reserve. We do not track a published reserve breakdown for USDf.
- USD1 is deployed on 8 chains — much broader coverage than USDf's 2.
Full comparison table
| Metric | USD1 | USDf |
|---|---|---|
| USD circulation value | $4.03B | $1.26B |
| Rank (by USD value) | #5 | #14 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | US Treasuries | Delta-neutral (Falcon) |
| Chains deployed | 8 | 2 |
| Primary chain | Ethereum | Ethereum |
| Issuer | World Liberty Financial | Falcon Finance |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USD1 and USDf?
Both track USD, so they compete for the same use cases. USD1 holds us treasuries. We track no published reserve breakdown for USDf. USD1 ranks #5 by USD value and USDf ranks #14.
Which is bigger, USD1 or USDf?
USD1 is larger, with $4.03B in circulation vs $1.26B for USDf. That's roughly 3.2× the size.
Is USD1 safer than USDf?
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; USDf uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USD1 and USDf?
Yes. USD1 and USDf 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 USDf?
The right choice depends on your use case. Consider: which chain do you need? USD1 is available on 8 chains and USDf 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.