The world’s largest crypto exchange has expanded listings and integrations tied to the Trump family–linked USD1 stablecoin.
Binance announced it added fee-free trading pairs for World Liberty Financial’s USD1 with major tokens including Ether (ETH), Solana (SOL) and BNB, supplementing its existing Bitcoin (BTC) pair. The exchange also said it will convert all collateral assets backing its own stablecoin, BUSD, into USD1 at a 1:1 ratio within a week, making USD1 part of Binance’s updated collateral structure.
Zach Witkoff, co-founder and CEO of World Liberty Financial, called Binance’s move “an important moment” in efforts to make digital US dollar stablecoins more widely available. USD1, which launched on Ethereum and BNB Chain in March, is backed by U.S. Treasury bills.
The token has risen to become the seventh-largest stablecoin with a market capitalization around $2.7 billion, supported in part by Abu Dhabi investment firm MGX’s use of USD1 for a $2 billion investment in Binance in May. However, USD1 issuance has paused for months and supply has dipped from a late-October peak near $3 billion, according to CoinGecko.
President Donald Trump is a co-founder of World Liberty Financial. He also pardoned Binance founder Changpeng Zhao seven weeks ago; Zhao had been sentenced in April 2024 to four months in prison after pleading guilty to failing to implement an adequate anti-money-laundering program at Binance. Trump said he issued the pardon after receiving support from people who argued Zhao’s actions “are not even a crime.”
