Select what genuinely interests you. Your picks feed directly into our editorial planning. The stablecoin USD1 has shrunk by roughly $401 million in two weeks. Its market capitalisation fell from about $4.43 billion on October 6 to around $4.02 billion, a drop of 9.1 percent. The dollar price held steady throughout: the token traded consistently between $0.998 and $1.000. What shrank, then, was not the price but the number of tokens in circulation.