USD1 Stablecoin Experiences Rapid Growth in Market Capitalization

USD1 stablecoin has experienced remarkable growth in less than 90 days, exceeding a $2.2 billion market capitalization and boasting daily trading volume of $500 million. This rapid ascent places USD1 among the top five global stablecoin issuers. In contrast to USDC and USDT, which reached similar market capitalizations after three years in a smaller market, USD1 has demonstrated impressive speed and dominance.