BUCK vs USD1
Bucket Protocol BUCK Stablecoin and World Liberty Financial USD, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and BUCK/USD1 spread
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Bucket Protocol BUCK Stablecoin is a dollar-denominated token tracked across 1 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Caution
Treasury-backed dollar token with custody at a regulated US institution. Young track record and concentrated holder base.
Verdict band: Adequate
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 56 | 79 | USD1 |
|---|---|---|---|---|
| Collateral qualityWhat actually backs the token, and how liquid that backing is. | ●●●●●5 of 5 | 55 | 95 | USD1 |
| Exit liquidityWhether you can leave at size without moving the price. | ●●●●●5 of 5 | $22.58M | $265.49M | USD1 |
| Issuer & legal standingRegulatory perimeter, disclosure quality and redemption rights. | ●●●●4 of 5 | 48 | 54 | USD1 |
| Peg tightness (live)Absolute distance from $1.00 right now — smaller is better. | ●●●●4 of 5 | −0.381% | −0.075% | USD1 |
| Worst recorded depegHow badly the token has broken before, as a stress precedent. | ●●●●4 of 5 | None recorded | None recorded | Tie |
| Track recordYears live and behaviour through past stress events. | ●●●●4 of 5 | 53 | 53 | Tie |
| Scale / market capBigger float usually means broader venue support and tighter spreads. | ●●●3 of 5 | $25.86M | $4.01B | USD1 |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 1 chains | 8 chains | USD1 |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | 0.21% | 8.74% | USD1 |
"Matters" is our weighting of how much each dimension typically drives a real allocation decision. Sort any column to re-rank the tradeoffs by what matters to you.
The short answer
USD1 scores higher on safety (79 vs 56), driven mainly by collateral quality and disclosure. USD1 has deeper tracked liquidity ($265.49M), which is what determines whether you can exit at size. USD1 currently earns up to 8.74% — remember that any rate above the T-bill yield is payment for a risk.
If both are fiat-reserve tokens, note that holding both is not diversification: they share the same short-dated Treasury and banking exposure. Genuine diversification means mixing collateral structures.
Which one fits your goal: BUCK or USD1?
Capital preservation over everything else.
For park cash safely, USD1 is the better fit over BUCK.
- Safety score 79 vs 56, with collateral rated 95/100.
- Current peg deviation -0.075% against -0.381% for BUCK.
- No material depeg recorded for USD1 in our incident log.
Concentrating in one issuer is a single point of failure regardless of score. Split across collateral structures.
Key risks, side by side
BUCK
- Collateral volatility: a fast drawdown in backing assets can force liquidations.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Limited public attestation of reserves.
- Yield venue risk: 0.21% is earned outside the token itself.
- Chain concentration: 100% of supply sits on Sui.
USD1
- Issuer and banking risk: reserves sit with World Liberty Financial under United States rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
- Yield venue risk: 8.74% is earned outside the token itself.
| Metric | BUCK | USD1 |
|---|---|---|
| Category | Stablecoin | Stablecoin |
| Issuer | Undisclosed | World Liberty Financial |
| Jurisdiction | Not documented | United States |
| Collateral | crypto-backed | treasuries |
| Peg mechanism | crypto-backed | fiat-backed |
| Attestation | none | monthly |
| Redemption | market-only | gated |
| Price | $0.9962 | $0.9993 |
| Peg deviation | −0.381% | −0.075% |
| Market cap | $25.86M | $4.01B |
| 7d supply change | −0.01% | −0.41% |
| Liquidity | $22.58M | $265.49M |
| Best yield | 0.21% (navi-lending · Sui) | 8.74% (dolomite · Ethereum) |
| Chains | 1 | 8 |
| Launched | — | 2025 |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (BUCK vs USD1)
- -30.6 bps
- $0.9962 vs $0.9993
- Peg deviation gap
- 0.306 pp
- BUCK −0.381% · USD1 −0.075%
- Yield spread
- -8.53%
- BUCK 0.21% · USD1 8.74%
- Liquidity ratio
- 0.09×
- $22.58M vs $265.49M
A round trip between BUCK and USD1 costs roughly the market spread plus venue fees. At 30.6 bps of price gap, swapping $1M implies about $3.1K of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Historical context
Track record is the part of a stablecoin you cannot model — it has to be observed. Here is how BUCK and USD1 have actually behaved since launch, including every stress event we have on record.
- USD1
World Liberty Financial USD goes live.
Chain coverage
BUCK is live on 1 chains, USD1 on 8. 0 chains carry both, so bridging is only unavoidable for the 9 networks where just one of them is deployed.
| Chain | BUCK | USD1 | Both available |
|---|---|---|---|
| — | $1.52B | USD1 only | |
| — | $1.40B | USD1 only | |
| — | $1.05B | USD1 only | |
| $25.86M | — | BUCK only | |
| — | $18.51M | USD1 only | |
| — | $16.06M | USD1 only | |
| — | $10.06M | USD1 only | |
| — | $81.3K | USD1 only | |
| — | $1.2K | USD1 only |
BUCK vs USD1: frequently asked questions
Is BUCK or USD1 safer?
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On our composite safety score USD1 rates 79/100 versus 56/100 for BUCK. The score weighs collateral quality (treasuries vs crypto-backed), redemption rights, attestation quality, peg history and liquidity depth. A higher score is not a guarantee: both remain issuer-credit and smart-contract exposures, not insured bank deposits.
What is the difference between BUCK and USD1?
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Bucket Protocol BUCK Stablecoin is issued by Undisclosed (Not documented), backed by crypto-backed, with redemption terms: market-only. World Liberty Financial USD is issued by World Liberty Financial (United States), backed by treasuries, with redemption terms: gated. Attestation coverage is "none" for BUCK and "monthly" for USD1.
Which has the bigger market cap, BUCK or USD1?
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USD1 is larger at $4.01B in circulating supply, against $25.86M for the other. Over the last 7 days supply moved −0.01% for BUCK and −0.41% for USD1.
Are BUCK and USD1 trading at $1.00 right now?
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BUCK trades at $0.9962 (−0.381% off peg) and USD1 at $0.9993 (−0.075% off peg). The gap between the two is about 30.6 basis points, which is the cost you pay when rotating size between them before fees.
Has BUCK or USD1 ever depegged?
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BUCK: no material depeg recorded in our incident set. USD1: no material depeg recorded in our incident set. Past peg behaviour under stress is the single best available proxy for how a token trades in the next crisis.
Which is better for large institutional size, BUCK or USD1?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. USD1 shows deeper on-chain liquidity at $265.49M versus $22.58M. Combine that with the redemption channel — BUCK: market-only; USD1: gated — and size trades against the primary window rather than the order book where possible.
Can I earn yield on BUCK or USD1?
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USD1 currently shows the higher rate at 8.74% via dolomite · Ethereum, against 0.21% via navi-lending · Sui for BUCK. Neither token pays interest by holding it in a wallet: the yield comes from lending, liquidity provision or a wrapped yield-bearing version, each with its own counterparty and contract risk.
Which chains support both BUCK and USD1?
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They currently share no common network in our data: BUCK is deployed on 1 chain(s) and USD1 on 8. Moving between them requires a bridge or a centralised venue.
What does it cost to switch from BUCK to USD1?
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Budget three components: the current price spread of roughly 30.6 bps, swap or venue fees, and slippage against available depth ($22.58M for BUCK, $265.49M for USD1). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is BUCK or USD1 regulated?
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BUCK is issued from Not documented with none; USD1 is issued from United States with monthly. Regulatory status varies by your own jurisdiction and by whether the token is offered under a specific stablecoin regime, so treat this as a starting point for diligence, not legal advice.