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BNB 
USD1 BNB Chain has quietly become one of the most active stablecoin channels among cryptocurrencies
According to DefiLlama, the chain has processed more than US$2.5 trillion in cumulative stablecoin transaction volume, contributing nearly US$1 trillion in 2025 alone. Its current supply of stablecoins is US$13.7 billion.
USDT still dominates, but the pattern is changing
USDT accounts for approximately 67% of BNB Chain\'s stablecoin supply, but the composition of the remaining share is changing rapidly. Two new entrants-Circle\'s income-making stablecoin USYC and World Liberty Financial\'s USD1-have surpassed USDC in the chain stablecoin rankings.
USYC is Circle\'s tokenized money market fund launched on BNB Chain to provide eligible developers and traders with a revenue-based tool that can be integrated into existing DeFi protocols. USYC is issued by Circle subsidiary Hashnote and is supported by short-term U.S. Treasury bonds and reverse repurchase agreements. The asset management scale on BNB Chain has exceeded US$1 billion. Currently, 96.3% of USYC\'s global supply is located in BNB Chain.
USD1 was launched by World Liberty Financial on Ethereum and BNB Chain in March 2025. By the first quarter of 2026, the circulation supply had reached nearly US$4.5 billion, making it the fastest-growing fiat current-backed stablecoin during the period. When Abu Dhabi\'s MGX Fund announced its acquisition of a minority stake in Binance in a US$2 billion USD1 deal, its popularity rose sharply. Currently, approximately 40.3% of the global supply of USD1 flows through BNB Chain.
Broader Growth Background
BNB Chain achieved a year-on-year growth in the market value of stablecoins of 133% in 2025, ranking among the top four chains in stablecoin supply, along with Ethereum, Wave Field and Solana. The launch of Four.meme and the subsequent embedding of Binance Alpha, a native token distribution plan embedded in the Binance ecosystem, triggered a new round of memin craze and significantly boosted the liquidity demand of stablecoins on the chain.
BNB Chain leads all blockchains in terms of network usage rather than supply, with more than 11 million unique addresses interacting with stablecoins, ahead of wavefield and Polygon.
With the increasing diversification of stablecoin portfolios and the compound growth of cumulative transaction volume, BNB Chain\'s position as the main venue for activities in the dollar-denominated chain has become increasingly solid.
