Market cap
$4.26B
0.02 %
Volume (24h)
$25.75M
0.02 %
Total supply
30,000,000 USD1
Max. supply
30,000,000 USD1
Psyche (USD1)
$ 1.00
0.02 %
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Key data
updated $0Market cap$4.26B
Volume 24h$25.75M
All-time high$1.05-5% from peak · 2026-07-09
Psyche (ticker USD1) is a digital asset that trades under the symbol USD1. In essence, it's a cryptocurrency designed to function as a dollar-pegged token, meaning each unit is intended to represent the value of one US dollar on the blockchain. Think of it as a way to move dollar-like value around crypto networks without using a bank.
Frequently asked questions
What is Psyche (USD1) and how is it different from Bitcoin?
USD1 is a dollar-pegged stablecoin, so unlike Bitcoin its goal isn't price growth but stability — it aims to stay close to the value of one US dollar. Bitcoin is a volatile, speculative asset with a fixed supply, while USD1 is designed for payments, transfers, and holding value within crypto markets. In short: Bitcoin is a bet on price, USD1 is a tool for moving money.
How does USD1 work technically?
USD1 is a token issued on major blockchains, typically Ethereum and other EVM-compatible networks, which lets it move between wallets and decentralized apps like any standard token. It follows the classic stablecoin model: the issuer holds reserves and mints or burns tokens as demand changes to maintain the peg. You can always check the token contract on a block explorer to see transactions for yourself.
How is the supply of USD1 managed?
The supply isn't fixed like Bitcoin's — it's elastic. Tokens are minted when users buy in and burned when they redeem, so the total supply reflects actual demand backed by reserves. This is standard practice for fiat-backed stablecoins and is what keeps the price anchored near the dollar.
How can I store and use USD1?
Since USD1 lives on major blockchains, any wallet supporting those networks works — MetaMask, Trust Wallet, hardware wallets like Ledger, and so on. You just add the token's contract address and it appears in your wallet. From there you can send it, use it in DeFi apps, or hold it as a dollar substitute inside crypto.