USDTvsUSD1
Tether vs World Liberty Financial USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDT — Tether
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 USDT supply moved -0.6% and USD1 -10.1% — USDT grew faster. USDT held the tighter band: worst deviation 14 bps against 18 bps.
Key differences
- USDT is roughly 45.5× larger than USD1 by USD circulation value ($183.08B vs $4.03B).
- USDT ranks #1 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 — USDT holds cash & t-bills, USD1 holds us treasuries.
- USDT is deployed on 130 chains — much broader coverage than USD1's 8.
- Primary chain differs — most USDT supply lives on Tron, while most USD1 supply is on Ethereum.
Full comparison table
| Metric | USDT | USD1 |
|---|---|---|
| USD circulation value | $183.08B | $4.03B |
| Rank (by USD value) | #1 | #5 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Cash & T-bills | US Treasuries |
| Chains deployed | 130 | 8 |
| Primary chain | Tron | Ethereum |
| Issuer | Tether Limited | World Liberty Financial |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDT and USD1?
Both track USD, so they compete for the same use cases. USDT holds cash & t-bills; USD1 holds us treasuries. USDT ranks #1 by USD value and USD1 ranks #5.
Which is bigger, USDT or USD1?
USDT is larger, with $183.08B in circulation vs $4.03B for USD1. That's roughly 45.5× the size.
Is USDT 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 USDT and USD1?
Yes. USDT 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 USDT or USD1?
The right choice depends on your use case. Consider: which chain do you need? USDT is available on 130 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.