USDGO (USDGO)

➥ a stablecoin most of CT barely mentions just crossed $1.1B

@usdgo_official supply reached $1.108B as of July 29, up 30.32% over the last 30 days

- that works out to roughly $258M in net issuance
- while the total stablecoin market contracted 0.79% over the same window

even the latest week added around $107M, or +10.7%

USDGO only launched in Feb
- issued by @Anchorage Digital Bank
- distributed by @osldotcom
- positioned around enterprise payments + treasury settlement rather than retail DeFi

i find this more interesting than another high-yield stablecoin briefly farming supply

a regulated enterprise dollar reaching $1B this quickly suggests stablecoin growth is starting to come from new distribution channels, especially outside the usual USDT/USDC loop

still, supply alone is not PMF, a few institutional mints can make the chart look stronger than actual usage

now I’m watching txn vol, holder concentration and whether $USDGO keeps circulating after issuance

that is what separates payment liquidity from parked treasury capital

USDGO has become the fastest growing stablecoin in the entire space, expanding its circulating supply by 96% over the past month and approaching $1B in supply just five months after launch.

It's now the 4th largest stablecoin on @solana (16th overall) and represents over 6% of the chain's $14.9B stablecoin supply.

Issued by @Anchorage with reserve assets including funds from BlackRock, Goldman Sachs, and JPMorgan.

data: @tokenterminal