U vs USD1
United Stables 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 U/USD1 spread
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United Stables is a dollar-denominated token tracked across 4 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Adequate
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 | 72 | 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 | $38.47B | $283.68M | U |
| 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 | −0.068% | −0.059% | 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 | $1.56B | $4.44B | USD1 |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 4 chains | 8 chains | USD1 |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | 8.00% | 8.00% | Tie |
"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 72), driven mainly by collateral quality and disclosure. U has deeper tracked liquidity ($38.47B), which is what determines whether you can exit at size. U currently earns up to 8.00% — 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: U or USD1?
Capital preservation over everything else.
For park cash safely, USD1 is the better fit over U.
- Safety score 79 vs 72, with collateral rated 95/100.
- Current peg deviation -0.059% against -0.068% for U.
- 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
U
- 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: 8.00% is earned outside the token itself.
- Chain concentration: 71% of supply sits on BSC.
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: 8.00% is earned outside the token itself.
| Metric | U | 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 | $0.9993 | $0.9994 |
| Peg deviation | −0.068% | −0.059% |
| Market cap | $1.56B | $4.44B |
| 7d supply change | +5.18% | +0.66% |
| Liquidity | $38.47B | $283.68M |
| Best yield | 8.00% (bitway-earn · BSC) | 8.00% (bitway-earn · BSC) |
| Chains | 4 | 8 |
| Launched | — | 2025 |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (U vs USD1)
- -0.9 bps
- $0.9993 vs $0.9994
- Peg deviation gap
- 0.009 pp
- U −0.068% · USD1 −0.059%
- Yield spread
- +0.00%
- U 8.00% · USD1 8.00%
- Liquidity ratio
- 135.62×
- $38.47B vs $283.68M
A round trip between U and USD1 costs roughly the market spread plus venue fees. At 0.9 bps of price gap, swapping $1M implies about $89.53 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 U and USD1 have actually behaved since launch, including every stress event we have on record.
- USD1
World Liberty Financial USD goes live.
Chain coverage
U is live on 4 chains, USD1 on 8. 3 chains carry both, so bridging is only unavoidable for the 6 networks where just one of them is deployed.
| Chain | U | USD1 | Both available |
|---|---|---|---|
| $1.11B | $1.39B | Yes | |
| $365.90M | $1.60B | Yes | |
| — | $1.40B | USD1 only | |
| $54.96M | $10.06M | Yes | |
| $29.98M | — | U only | |
| — | $20.00M | USD1 only | |
| — | $18.57M | USD1 only | |
| — | $35.3K | USD1 only | |
| — | $1.2K | USD1 only |
U vs USD1: frequently asked questions
Is U or USD1 safer?
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On our composite safety score USD1 rates 79/100 versus 72/100 for U. 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 U and USD1?
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United Stables 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 U and "monthly" for USD1.
Which has the bigger market cap, U or USD1?
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USD1 is larger at $4.44B in circulating supply, against $1.56B for the other. Over the last 7 days supply moved +5.18% for U and +0.66% for USD1.
Are U and USD1 trading at $1.00 right now?
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U trades at $0.9993 (−0.068% off peg) and USD1 at $0.9994 (−0.059% off peg). The gap between the two is about 0.9 basis points, which is the cost you pay when rotating size between them before fees.
Has U or USD1 ever depegged?
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U: 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, U or USD1?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. U shows deeper on-chain liquidity at $38.47B versus $283.68M. Combine that with the redemption channel — U: market-only; USD1: gated — and size trades against the primary window rather than the order book where possible.
Can I earn yield on U or USD1?
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U currently shows the higher rate at 8.00% via bitway-earn · BSC, against 8.00% via bitway-earn · BSC for USD1. 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 U and USD1?
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Both are deployed on 3 shared networks, including BSC, Ethereum, Tron. U spans 4 chains in total and USD1 spans 8. Bridged supply on a chain is not the same as natively issued supply, and it usually carries the bridge's risk rather than the issuer's.
What does it cost to switch from U to USD1?
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Budget three components: the current price spread of roughly 0.9 bps, swap or venue fees, and slippage against available depth ($38.47B for U, $283.68M for USD1). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is U or USD1 regulated?
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U 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.