TLDR:
- USD1 has passed $60B in cumulative trading volume on Binance since its launch in March 2025.
- A single $2B settlement tied to a Binance investment makes up a large share of the $4.33B market cap.
- Monthly USD1 trading volumes on Binance have stabilized between $5B and $8B, pointing to steady usage.
- Stablecoin Supply Ratio keeps rising after a golden cross, which CW8900 reads as a bullish signal.
The USD1 stablecoin has now crossed $60 billion in cumulative trading volume on Binance. The token launched in March 2025 through World Liberty Financial, a company partly co-founded by the Trump family.
Its market capitalization now stands at about $4.33 billion. Monthly trading volumes on the exchange have settled between $5 billion and $8 billion.
Separately, stablecoin inflows into the broader crypto market continue to rise, while Bitcoin also holds positive momentum.
USD1 Stablecoin Extends Its Reach on Binance
Analyst Darkfost shared the milestone in a recent post about the token. He described the volume as a notable figure for a token launched less than 18 months ago.
The USD1 stablecoin is backed by U.S. dollars and short-term U.S. Treasury bills. In addition, it operates under an institutional-style compliance framework.
The market capitalization also continues to grow. However, Darkfost added a caveat to that figure. A single institutional transaction accounts for a large share of the total.
That transaction was tied to a $2 billion settlement as part of an investment in Binance. Therefore, the growth in market capitalization should be read with some perspective.
Source: Cryptoquant
Because of that caveat, Darkfost considers trading volume a more accurate gauge of actual usage than market capitalization.
He reads the stable monthly pattern on Binance as steady usage rather than a one-off spike. Consequently, the $60 billion cumulative total reflects repeated trading over time rather than a single event.
Darkfost also credited Binance for part of that progress. The exchange holds around 70% of the stablecoins present on exchanges.
That share gives the platform a large footprint in stablecoin trading. According to him, the USD1 stablecoin keeps carving out its place in the wider stablecoin ecosystem.
Stablecoin Inflows Keep Rising Across the Market
In a separate post, market analyst CW8900 addressed the flow of funds into the crypto market. The analyst explained that bull markets generally occur as funds enter the market.
In the crypto market, those inflows can be identified through stablecoin movements. CW8900 then tied this view to current conditions.
The Stablecoin Supply Ratio, or SSR, was the main metric cited in the post. According to CW8900, the SSR has continued its upward trend.
This move followed the formation of a golden cross. On that basis, the analyst described the inflow of stablecoins to the market as a bullish signal.
Bitcoin (BTC) also maintains positive momentum, according to the same post. CW8900 stated that the bullish movement will continue as long as this trend persists. The analyst placed the Bitcoin momentum alongside the stablecoin data cited earlier in the post.
Meanwhile, Darkfost’s data focuses on how the USD1 stablecoin is used on Binance. CW8900’s analysis, on the other hand, covers overall stablecoin inflows into the market. Both posts describe continued stablecoin activity from different angles.
