USD1 stablecoin feels like it came out of nowhere

Maybe I’m late on this, but USD1 stablecoin suddenly feels like it’s everywhere.

Saw they added a net 22M more supply pretty recently, and it’s already sitting around a $4B market cap with over $1.5B in daily volume. That’s not small at all.

Still not sure if this is actual sticky demand or just a fast narrative trade because of who’s attached to it. Curious if anyone here is actually using it, or just tracking it as another hype cycle stablecoin.