USD1vsUSDG
World Liberty Financial USD vs Global Dollar — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USD1 — World Liberty Financial USD
USDG — Global Dollar
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 USDG +17.6% — USDG grew faster. USD1 held the tighter band: worst deviation 18 bps against 33 bps.
Key differences
- USD1 is roughly 1.2× larger than USDG by USD circulation value ($4.03B vs $3.42B).
- USD1 ranks #5 while USDG ranks #7 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- Both are fiat-backed stablecoins, so the mechanism is not what separates them.
- Reserves differ — USD1 holds us treasuries, USDG holds cash reserves (paxos).
- Chain coverage is comparable: USD1 on 8 chains, USDG on 6.
- Primary chain differs — most USD1 supply lives on Ethereum, while most USDG supply is on X Layer.
Full comparison table
| Metric | USD1 | USDG |
|---|---|---|
| USD circulation value | $4.03B | $3.42B |
| Rank (by USD value) | #5 | #7 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | US Treasuries | Cash reserves (Paxos) |
| Chains deployed | 8 | 6 |
| Primary chain | Ethereum | X Layer |
| Issuer | World Liberty Financial | Paxos Trust Company |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USD1 and USDG?
Both track USD, so they compete for the same use cases. USD1 holds us treasuries; USDG holds cash reserves (paxos). USD1 ranks #5 by USD value and USDG ranks #7.
Which is bigger, USD1 or USDG?
USD1 is larger, with $4.03B in circulation vs $3.42B for USDG. That's roughly 1.2× the size.
Is USD1 safer than USDG?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. Both use a fiat-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USD1 and USDG?
Yes. USD1 and USDG 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 USDG?
The right choice depends on your use case. Consider: which chain do you need? USD1 is available on 8 chains and USDG on 6. 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.