Binance has broadened its support for World Liberty Financial’s USD1 stablecoin, adding fee-free trading pairs with major tokens and folding the token into its collateral mix.
The exchange said it will list USD1 trading pairs for Ether (ETH), Solana (SOL) and BNB without fees, supplementing an existing Bitcoin (BTC) pair. Binance also announced that, within a week, it will convert all collateral assets backing its own stablecoin, BUSD, into USD1 at a 1:1 ratio, making USD1 part of the platform’s updated collateral structure.
Zach Witkoff, co-founder and CEO of World Liberty Financial, described Binance’s action as “an important moment” for wider availability of digital US dollar stablecoins. USD1 launched on Ethereum and BNB Chain in March and is reportedly backed by U.S. Treasury bills.
The token has grown quickly to become the seventh-largest stablecoin by market capitalization, about $2.7 billion, aided in part by Abu Dhabi investment firm MGX’s use of USD1 for a $2 billion investment in Binance in May. However, issuance of USD1 has been paused for months and supply has declined from a late-October peak near $3 billion, according to CoinGecko.
World Liberty Financial is co-founded by President Donald Trump. Trump pardoned Binance founder Changpeng Zhao several 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 granted the pardon after people argued Zhao’s actions “are not even a crime.”