# USD1 Market Cap Falls $401 Million as $200 Million Originates at One Address By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35193 Published: 2026-10-20T01:42:47.000Z Updated: 2026-10-20T01:42:47.000Z Section: Investing > Supply across Ethereum, BNB Chain and Solana fell by 385.03 million USD1 over nine days, while the token traded between $0.998 and $1.000. World Liberty Financial USD (USD1) lost $401.4 million in market value across UTC-dated readings from Oct. 6 to Oct. 19, as fewer tokens circulated while its price held near $1. The UTC-dated daily readings put USD1’s market capitalization at $4.426 billion on Oct. 6 and $4.025 billion on Monday, Oct. 19. The $401,444,937 decline was about 9.1%. These readings cover a longer period than the network supply figures below. Across Ethereum, BNB Chain and Solana, combined USD1 supply fell from 4.42015 billion to 4.03512 billion between the Oct. 6 and Thursday, Oct. 15 closes, a reduction of 385.03 million tokens. Each close was recorded at 8 p.m. ET (midnight UTC the next day). Ethereum accounted for $184.60 million in net redemptions across 63 burns, while BNB Chain recorded $200.43 million across 12. Solana’s supply was unchanged. The BNB Chain redemption contract received $200.50 million, with $200 million originating at one unlabeled address. That address does not show that one investor owned all the tokens; an intermediary can move funds for multiple holders. During the nine-day supply window, USD1 traded from $0.998 to $1.000. Market capitalization reflects both the number of tokens outstanding and their trading price, so it does not necessarily match a supply change measured over a different period. USD1 remained far smaller than the largest stablecoins. On Saturday, Oct. 17, Tether (USDT) had a $183.4 billion market capitalization and USD Coin (USDC) had $72.7 billion in the [broader stablecoin market](). BitGo issues and redeems USD1, while World Liberty Financial controls its brand. The latest published independent reserve examination was dated Aug. 31, before the October redemptions. At 7:59 p.m. ET that day (23:59 UTC), it listed $4,195,716,067 in redemption assets against 4,195,303,689 USD1 outstanding. ## Links in this article - [broader stablecoin market](https://www.tokenpost.com/news/investing/34002)