Binance To List Trump-backed Stablecoin USD1

Binance, the world’s largest crypto exchange, is set to list World Liberty Financial USD (USD1), a stablecoin backed 1:1 with the U.S. dollar. This news has caught the crypto community’s attention because of the stablecoin’s ties to the Trump family. Binance revealed that trading for USD1 will begin on May 22, 2025, with the USD1/USDT pair. USD1 Trading Opens on Binance with Zero Listing Fee The spot trading of USD1/USDT will start on May 22, 2025, at 12:00 UTC, giving users a new stablecoin option on the world’s largest exchange. Binance has decided not to charge its usual listing fee for USD1, making its entry smoother and more accessible to all traders. USD1 withdrawals will begin a day later, on May 23, 2025, at 12:00 UTC. However, Binance notes that the withdrawal time is an estimate and may slightly change depending on network conditions. USD1 Market Performance USD1 is a stablecoin created by BitGo Trust Company under full U.S. regulatory compliance. What makes USD1 stand out is its strong financial backing. It is managed by World Liberty Financial (WLFI), a decentralized crypto project backed by the Trump family. Since its launch in March, USD1 has quickly become popular. It has a market value of $2.3 billion and is ranked fifth among all USD-backed stablecoins. WLFI recently partnered with Chainlink to make USD1 work across many blockchains. This upgrade will help more people use the stablecoin on various platforms and attract more users. WLFI Holds Diverse Crypto Portfolio World Liberty Financial, supported by DWF Labs, holds a large and diverse crypto portfolio. Some of the main ones are Ethereum (ETH), Wrapped Bitcoin (WBTC), staked ETH (STETH), and few altcoins. Data from Arkham Intelligence shows that WLFI’s crypto portfolio is now worth over $108 million. These assets are spread across multiple blockchain networks, giving the company flexibility and strength in the market. Before the Binance listing was announced, Lookonchain reported that WLFI used 25,011 USD1 tokens to buy 636,961 BUILDon (B) tokens. This shows that the crypto project is actively involved in the crypto market and makes regular investments. In a related event, President Donald Trump is hosting a special dinner for major holders of the TRUMP meme coin. Reportedly, Justin Sun, founder of Tron and a top holder of the memecoin , is expected to attend. The event adds a political and social spotlight to USD1’s launch. It shows the growing connection between political figures and the digital asset world. The post Binance To List Trump-backed Stablecoin USD1 appeared first on TheCoinrise.com .

Source: The Coin Rise