USDCvsUSD1
USD Coin vs World Liberty Financial USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDC — USD Coin
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 USDC supply moved -1.6% and USD1 -10.1% — USDC grew faster. USDC held the tighter band: worst deviation 5 bps against 18 bps.
Key differences
- USDC is roughly 17.9× larger than USD1 by USD circulation value ($72.21B vs $4.03B).
- USDC ranks #2 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.
- Both are fiat-backed stablecoins, so the mechanism is not what separates them.
- Reserves differ — USDC holds cash & t-bills, USD1 holds us treasuries.
- USDC is deployed on 154 chains — much broader coverage than USD1's 8.
Full comparison table
| Metric | USDC | USD1 |
|---|---|---|
| USD circulation value | $72.21B | $4.03B |
| Rank (by USD value) | #2 | #5 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Cash & T-bills | US Treasuries |
| Chains deployed | 154 | 8 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Circle | World Liberty Financial |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDC and USD1?
Both track USD, so they compete for the same use cases. USDC holds cash & t-bills; USD1 holds us treasuries. USDC ranks #2 by USD value and USD1 ranks #5.
Which is bigger, USDC or USD1?
USDC is larger, with $72.21B in circulation vs $4.03B for USD1. That's roughly 17.9× the size.
Is USDC 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. 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 USDC and USD1?
Yes. USDC 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 USDC or USD1?
The right choice depends on your use case. Consider: which chain do you need? USDC is available on 154 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.