USD1, a stablecoin issued by World Liberty Finance and backed by U.S. Treasuries and cash equivalents, has reached a market capitalization of $1.6 billion. USD1 is the fastest stablecoin to reach $1 billion in market cap, achieving this in under a month, and is now among the top 10 stablecoins and top 100 cryptocurrencies globally. On BNB Chain, USD1's supply has surpassed $700 million, representing a 600% increase in three weeks after reaching $100 million. USD1 is built on BitGo’s Stablecoin-as-a-Service platform and is now powered by Morpho, providing enhanced features for apps, wallets, and trading platforms. USD1 is tracked on DeFiLlama's Stables Dashboard.