News analysis
World Liberty's USD1 stablecoin loses $400M in market cap over two weeks, Cointelegraph reports
· By MyCryptoSignal Editorial · 331 words
Cointelegraph reports that World Liberty Financial's USD1 stablecoin shed more than $400 million in market cap across two weeks, driven by large redemptions on Ethereum and BNB Chain. The source attributes the decline to sustained withdrawals rather than a single event.
The report, published on 19 October 2026, describes a two-week stretch in which USD1's market capitalisation fell by over $400 million. Cointelegraph points to heavy redemptions on two networks, Ethereum and BNB Chain, as the mechanism behind the drop. No author byline is attached to the piece.
The source does not state what prompted the redemptions, and we have not independently verified its figures. What it does establish is the scale and the venue: a nine-figure contraction in the stablecoin's supply, concentrated on the two chains where USD1 circulates.
As of 13:16 UTC, the two chains named in the report were holding steady. Ethereum traded at $2,425.21, up 0.47% over 24 hours, with a daily range of $2,329.53 to $2,443.80. The 7-day change was -4.84% and the 30-day change -8.26%. Its RSI14 sat at 58.2 with a flat trend, and support and resistance were close together at $2,421.52 and $2,426.94.
BNB changed hands at $728.22, up 0.81% on the day, inside a 24-hour range of $705.56 to $728.65. It was down 2.88% over seven days and 5.24% over 30 days, with an RSI14 of 59.5 and a flat trend. Support was $727.01 and resistance $727.09. The wider market showed a total cap of $2.607 trillion, up 0.78%, with Bitcoin dominance at 63.7% and Bitcoin at $82,614, up 0.88%.
USD1's contraction is a supply story on Ethereum and BNB Chain, and both tokens were flat to slightly higher at the 13:16 UTC reading. Ethereum's 30-day change of -8.26% and BNB's -5.24% sit alongside a market cap that rose 0.78% in 24 hours. The source's redemption figures and our price data describe two different things: stablecoin supply and the chains' native assets.
Read the full story at Cointelegraph: https://cointelegraph.com/news/world-liberty-usd1-stablecoin-market-cap-drops-400-million
Data, not advice.
Source: Cointelegraph — see our editorial policy.