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USD1 Supply Climbs to $4.6 Billion, With 87% Held on Binance

USD1 Supply Climbs to $4.6 Billion, With 87% Held on Binance

According to Ember Monitor, Binance proof-of-reserves indicates 4 billion USD1 on the exchange, implying most of the stablecoin’s circulating supply is concentrated there as of March 12.

USD1

Fact Check
The claim is verified by consistent reports from BlockBeats and PANews, both of which cite specific on-chain data from the analyst Ember Monitor (余烬). The data is based on Binance's public Proof of Reserves and on-chain minting records, showing a total supply of $4.6 billion with $4 billion (87%) residing on Binance as of March 12, 2026.
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Terms & Concepts
  • Proof-of-reserves: A verification method showing exchange-held assets on-chain to help demonstrate customer asset backing.
  • Stablecoin: A cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.
  • Circulating supply: The total amount of a cryptocurrency currently issued and available in the market.