Mantle (MNT) touched $2.16 on 6 October 2025 after the network added the USD1 stablecoin, a move that reports drew more on-chain liquidity and attention from traders, exchanges, and compliance teams. The climb lines up with the launch of USD1, a dollar token issued by World Liberty Financial, and frames Mantle’s momentum within a broader stablecoin and RWA push.
USD1 reached Mantle through a plan pairing Real World Assets with tools like zero-knowledge rollups, and that the token has already delivered over $2 billion in fresh liquidity. USD1 also runs on Ethereum, BNB Chain, Tron, and Solana, and claims a 1:1 dollar peg backed by BitGo vaults filled mainly with short-term Treasury bills, positioning it as a cross-chain liquidity source for Mantle.
At the same time, Binance or Bitget added USD1 pairs, and Bybit folded the token into its RWA roadmap. These steps funnel extra stablecoin volume toward Mantle and help feed the price move.
Price action and USD1 rollout
Adoption and liquidity remain central to USD1’s role in the crypto ecosystem. With a larger float active on Mantle, the stablecoin has helped tighten spreads and reduce friction for users entering on-chain markets. This expansion reinforces MNT’s liquidity profile and highlights the importance of growing depth across stablecoin pairs for healthier price discovery and execution.
However, questions around transparency continue to surface. Concerns center on the frequency and depth of USD1’s reserve audits, with recent reporting citing delays in attestation releases. Such gaps in disclosure have kept scrutiny elevated, especially as regulators and compliance officers demand clearer evidence of full collateral backing.
The regulatory backdrop is also shifting. Provisions within the draft GENIUS Act could reshape the operating environment for stablecoins by requiring issuers to maintain fuller reserves and implement stricter KYC/AML controls. If passed, these measures would not only alter USD1’s compliance framework but could also influence its exchange listings and accessibility in certain jurisdictions.
From a market perspective, token volatility remains a focal point. Technical chart analysis highlights the $2.10–$2.20 zone as a key support range; slipping below could open room for declines toward $1.78 or even $1.55. Such moves underscore the delicate balance between liquidity-driven adoption and investor confidence in reserves and governance.
Behind the issuance stands World Liberty Financial, an entity with political ties that has drawn heightened monitoring from compliance desks. USD1’s reserves are custodied by BitGo, primarily in short-dated U.S. Treasuries, with the last attestation dated July 2025. Yet, exposure data shows that nearly 78% of circulating supply is concentrated in offshore wallets tied to exchanges—an imbalance that could amplify both risk perception and regulatory attention.
The next checkpoint is an updated USD1 attestation. The lack of fresh reports—and any shift in the legal landscape—will determine whether the liquidity surge on Mantle lasts and whether custodians and exchanges keep the token on their books.
