USD1 Went Nuclear After Binance Hit the Switch

The Binance #USD1 holdings airdrop hasn’t even been live that long .. barely 30 hours, and the numbers already look kind of unreal. Once the campaign kicked off, USD1 supply didn’t just grow… it jumped. We’re talking an extra 1.33 billion tokens almost out of nowhere, pushing total supply up to around $4.47 billion. That’s not normal behavior for a stablecoin. That’s people moving fast.

Binance is clearly the center of gravity here. It’s now sitting on roughly 3.46 billion $USD1 , which is about 77.5% of the entire supply. If most of that stack gets rolled into the campaign, the current math points to an annualized yield somewhere around 13–14%. Not the old 20% headline, sure, but with no hard cap this time, size matters more than optics.

Trading activity went crazy too. Network-wide volume over the last 24 hours clocked in at $5.85 billion, with Ethereum and BSC almost neck and neck, holding about 46% and 44% of supply respectively. This isn’t a one-chain story ..... it’s everywhere at once.

And of course, the usual suspects showed up. Since launch, Jump Trading and Auros Global have pushed about 740 million USD1 into Binance. Price briefly floated higher, then cooled back down to around $1.0012, which honestly just screams heavy participation rather than weakness.

What makes this more interesting is the comparison. The last Binance USD1 event ... the one with the 50K cap and flashy 20% APY, only grew supply by 118 million tokens. This time? No cap, no brakes, and the response is on a completely different scale.

Right now, USD1 is sitting at number 6 among stablecoins, only about 334 million tokens away from cracking the top 5. If this momentum holds until the campaign wraps up… yeah, fifth place feels less like a maybe and more like a matter of time.