On 8 August 2017, a Ms7.0 earthquake stroke the city of Jiuzhaigou, Sichuan, China. The Jiuzhaigou earthquake occurred on a buried fault in the vicinity of three well-known active faults and this event offers a unique opportunity to study tectonic structures in the epicentral region and stress transferring. Here we present coseismic displacement field maps for this earthquake using descending and ascending Sentinel-1A Interferometric Synthetic Aperture Radar (InSAR) data. Deformation covered an area of approximately 50 × 50 km, with a maximum line-of-sight (LOS) displacement of ~22 cm in ascending and ~14 cm in descending observations on the west side of the source fault. Based on InSAR and Global Positioning System (GPS) measurements, both separately and jointly, we constructed a one-segment model to invert the coseismic slip distribution and dip angle of this event. Our final fault slip model suggests that slip was concentrated at an upper depth of 15 km; there was a maximum slip of ~1.3 m and the rupture was dominated by a left-lateral strike-slip motion. The inverted geodetic moment was approximately 6.75 × 1018 Nm, corresponding to a moment magnitude of Mw6.5, consistent with seismological results. The calculated static Coulomb stress changes indicate that most aftershocks occurred in stress increasing zones caused by the mainshock rupture; the Jiuzhaigou earthquake has brought the western part of the Tazang fault 0.1–0.4 MPa closer to failure, indicating an increasing seismic hazard in this region. The Coulomb stress changes caused by the 2008 Mw7.8 Wenchuan earthquake suggest that stress loading from this event acted as a trigger for the Jiuzhaigou earthquake.