Binance expands the role of USD1 stablecoin in the trading ecosystem

Binance – the world’s largest crypto exchange – has elevated the stablecoin USD1 issued by World Liberty Financial by allowing users to trade assets such as BNB, ETH, and SOL with USD1 pairs.

The exchange announced on Thursday that USD1 will be introduced into “many of the most active spot markets on the platform.” This week, Binance will also convert all collateral assets backing Binance-Peg BUSD (B-Token) into USD1 at a 1:1 ratio.

World Liberty stated that this conversion helps USD1 become an integral part of Binance’s new collateral structure, thereby increasing the stablecoin’s integration within the exchange’s ecosystem.

According to data from DeFiLlama, there are currently nearly $2.8 billion USD1 in circulation. Most of the supply comes from MGX – an investment fund in Abu Dhabi – after this entity used USD1 to make a $2 billion investment in Binance earlier this year.

Zach Witkoff, CEO and co-founder of World Liberty Financial, commented:

“Binance’s expansion of support for USD1 is a significant milestone in our effort to bring the digitized US dollar stablecoin to users worldwide. By integrating USD1 into liquidity, trading, and collateral systems, Binance is helping hundreds of millions of people access USD1 more easily.”

Trump and his children are co-founders

President Donald Trump and his three sons are also listed as co-founders of World Liberty Financial – a DeFi protocol launched in October 2024.

In October, Trump pardoned former Binance CEO Changpeng Zhao. At the same time, Binance.US denied that political motives were related to the decision to list USD1.

Launched in March, World Liberty’s USD1 stablecoin is purportedly fully collateralized by short-term US Treasury bonds, USD deposits, and other cash equivalents.

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