USD1 ranks among the top five stablecoin issuers, with a market capitalization of $2.2 billion

According to Milk Road data, the USD1 stablecoin surpassed $2.2 billion in market capitalization in less than 90 days, with daily trading volume reaching $500 million, placing it among the top five stablecoin issuers globally. In contrast, USDC and USDT each took three years to reach this market capitalization, but at the time, the market size was much smaller.