USD1 stablecoin: what it is, where it yields and the risks

What is USD1?

USD1 is a US dollar stablecoin associated with World Liberty Financial, with BitGo providing the infrastructure and publishing its reserve attestations. Like other fiat-backed stablecoins, it aims to stay at one dollar and says it can be redeemed one for one for dollars.

The two issuer pages we read describe the backing in slightly different words, so both are quoted in the table below rather than merged. Neither page names the legal entity that issues USD1, which is a question to settle before relying on it.

Holding USD1 is not described as paying interest on those pages. A yield on USD1 comes from using it somewhere: lending it, supplying it to a pool or depositing it in a vault.

Written from World Liberty Financial’s USD1 page and BitGo’s USD1 and attestation pages, read on 23 October 2026, in our own words.

How are USD1 yields spread across pools and chains?

What single-asset USD1 pools with at least $1M deposited were paying on 2 November 2026:

Only 2 USD1 pools held $1M or more, so the median and the middle half summarise very few readings. Read each pool on its own rather than as a typical rate.

Source: web3juice catalogue of public DeFi pool data, retrieved 2026-11-02 at 21:40 UTC. Pools with at least $1M TVL. APYs are as reported at that time, change constantly and are not a promise of returns. “Middle half” is the 25th to 75th percentile. Live figures: USD1 pools in the explorer.

Pool by pool: the largest stablecoin pools by TVL show each APY’s base and reward split, its 30-day median and how old the data is. This coin’s own pools are in the explorer view above.

USD1 key facts

Where can a USD1 yield come from?

The routes are the same as for any stablecoin, and a pool’s page should say which one pays it:

• Lending markets. Borrowers pay interest to borrow USD1, and the rate moves with how much of the market is borrowed.
• Liquidity pools. USD1 paired with another stablecoin earns a share of trading fees, often with reward tokens added.
• Vaults. Some vaults lend USD1 on or run an automated strategy, for more yield and more risk.
• Incentive programmes. Rewards paid in a token can end when the programme ends, which is why base and reward APY are shown apart.

Why is there no typical USD1 rate?

In the 2 November 2026 snapshot, 13 USD1 pools of any size were listed and 2 held at least $1M, together $181M deposited. A median over so few pools says little, so each is shown on its own.

1 of the 2 large pools whose data splits base and reward APY paid some reward tokens, and 1 paid more than half of its APY that way. A rate paid mostly in rewards can lose most of itself when the programme ends.

• BSC: 1 pool of $1M or more, $138M deposited, APY 1.07%.
• Ethereum: 1 pool of $1M or more, $43M deposited, APY 8.44%.

What are the risks specific to USD1?

• Issuer clarity. The pages we read do not name the issuing entity, and an attestation of management’s assertion is not a full audit. Read the terms linked under Sources.
• Depeg risk. Any stablecoin can trade below one dollar, sometimes for long stretches.
• Thin markets. With few large pools, one large deposit or withdrawal can move a rate or make exiting harder.
• Venue risk. A lending market, pool or vault adds its own smart-contract and counterparty risk on top of USD1’s.

How do you compare USD1 yields?

1. Open the live list. USD1 pools of $1M or more, largest first, so tiny pools with outsized rates don’t crowd the top.
2. Check what pays the APY. The list shows each pool’s base and reward split and its 30-day median and range. A free account opens the full history and the evidence checks still missing.
3. Price the move. Use the APY calculator to see whether a higher rate pays back the gas and fees of switching.
4. Set an alert, not a reminder. With a free account, get told in the app, by email or on your phone when your USD1 pool’s APY or TVL crosses your line. Discord, webhook and digest alerts are part of Pro.

Sources

• World Liberty Financial: USD1
• BitGo: USD1
• BitGo: USD1 reserve attestations

Facts checked on 23 October 2026. Pool statistics: web3juice snapshot of 2 November 2026. Nothing here is financial advice.