Binance, the largest crypto exchange by trading volume, revealed plans to list the USD1 stablecoin issued by the Donald Trump family-affiliated DeFi venture World Liberty Financial (WLFI).
According to a May 22 statement, the exchange said it would open trading for the USD1/USDT pair on the same day. The firm added that its users can deposit the token, while withdrawals will be enabled a day later, on May 23.
However, the listing comes with notable geographic restrictions. In its announcement, Binance clarified that the stablecoin trading will be limited based on user region.
The firm explained that individuals in the European Economic Area, Canada, parts of Ukraine, the United States, and US territories like Puerto Rico are currently ineligible to trade USD1.
Nonetheless, the USD1 listing signals a notable expansion of Binance’s support for the stablecoin, especially as the BNB Chain is among the few blockchains selected by WLFI to mint the token.
USD1 gains momentum
The Binance listing adds to a wave of growing interest in the USD1 stablecoin.
Over the past months, numerous crypto trading platforms like KuCoin and HTX have listed the asset, expanding its reach to a broader user base.
Moreover, WLFI has accelerated efforts to integrate USD1 across decentralized finance ecosystems through various strategic partnerships.
Another significant step includes its recent integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which allows the stablecoin to operate across multiple blockchains.
Zach Witkoff, WLFI co-founder, said these efforts are designed to empower the underbanked. He stated:
“Our mission is simple: empower 1.4B unbanked people and hundreds of millions underbanked with access to modern financial tools—while strengthening U.S. dollar dominance globally through stablecoins backed by US Treasuries. This is the future of finance— borderless, dollar backed, and open to all.”
USD1 is pegged 1:1 with the US dollar and aims to simplify digital payments by enabling seamless conversions between fiat currency and digital assets.
Data from CryptoSlate shows that USD1 has achieved a market capitalization of $2.14 billion, placing it among the top five stablecoins by market cap.
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