USD1 Stablecoin Surpasses $60B Trading Volume on Binance

The USD1 stablecoin has reached an impressive milestone on Binance, surpassing $60 billion in cumulative trading volume since its launch in March 2025. This achievement is notable for a token that was introduced less than 18 months ago, according to analyst Darkfost.

The market capitalization of USD1 currently stands at around $4.33 billion, although it's worth noting that a significant portion of this figure comes from a single institutional transaction related to a $2 billion settlement tied to an investment in Binance. As such, Darkfost considers trading volume a more accurate gauge of actual usage.

The stablecoin's monthly trading volumes on Binance have stabilized between $5 billion and $8 billion, indicating steady usage rather than a one-off spike. This suggests that the $60 billion cumulative total reflects repeated trading over time, rather than a single event.