Binance Lists World Liberty Financial's USD1 Stablecoin

Binance listed World Liberty Financial's USD1 stablecoin on May 22, 2025, with trading starting at 12:00 UTC for the USD1/USDT pair.

Binance, the world’s largest cryptocurrency exchange, has listed World Liberty Financial’s USD1 stablecoin.

The listing occurred on May 22, 2025, with trading for the USD1/USDT pair set to begin at 12:00 UTC.

Deposits for USD1 will be enabled starting May 22, 2025, while withdrawals will be available from the next day, May 23, 2025, at 12:00 UTC.

The addition of USD1, a U.S.-backed stablecoin, comes amidst increasing regulatory scrutiny of stablecoins, especially in the U.S., highlighting the significance of the listing.

The listing will be on Binance’s platform and will have no fee (0 BNB) for trading the USD1 token.

The inclusion of USD1, a U.S.-regulated stablecoin, also aligns with the recent passage of the GENIUS Act, granting the U.S. government authority to regulate stablecoins.

However, USD1’s ties to the Trump family have sparked concerns about potential conflicts of interest among some lawmakers.

The move to list USD1 follows the recent news of Binance’s potential return to the Japanese market.

The country’s financial regulator, the Financial Services Agency (FSA), is reportedly examining Binance’s application for registration as a crypto exchange.

The news comes after Binance announced its voluntary withdrawal from the Japanese market in March 2024 due to difficulties obtaining registration from the FSA.

In April 2025, World Liberty Financial launched USD1, a fiat-backed stablecoin pegged 1:1 to the U.S. dollar.

The stablecoin, managed by BitGo Trust Company in accordance with U.S. regulations, is backed by a basket of short-term U.S. Treasuries, dollar deposits, and cash equivalents.

It is deployed on Ethereum and BNB Chain, with plans to expand to other blockchains.

As of May 2025, USD1 has a market cap of $2.3 billion, ranking it among the top USD-backed stablecoins.

The listing on Binance, the world’s leading crypto exchange, will likely boost USD1’s liquidity and visibility.

The move also aligns with the growing regulatory momentum in the U.S. for stablecoins, notably the GENIUS Act, which grants the government authority to regulate stablecoins.

However, some lawmakers have expressed concerns about the Trump family’s ties to World Liberty Financial and the potential for conflicts of interest.

Donald Trump’s son, Eric Trump, is an investor in the company that launched USD1, and the former president himself has voiced support for cryptocurrencies.

The Trump administration was also known for its generally positive stance on blockchain technology and cryptocurrencies.

This involvement sparks worries about political bias influencing financial regulations as the U.S. Congress prepares to vote on a bill that could legalize and regulate bitcoin, a move viewed favorably by Trump.

With its U.S. regulatory approval and Treasury backing, USD1 could become a preferred stablecoin in the U.S. market.

This market segment is increasingly favoring regulated digital assets, potentially pressuring non-compliant competitors like Tether’s USDT, the dominant stablecoin with a market cap above $80 billion.

Announcing the listing, Binance stated:

‘Binance will be listing USD1 with no fee (0 BNB). Trading for the USD1/USDT pair will start on May 22, 2025, at 12:00 (UTC) and deposits will be enabled on the same day. Withdrawals will be available from May 23, 2025, at 12:00 (UTC).’

The listing on Binance marks a significant step for USD1, which is currently ranked 13th on CoinGecko’s chart of top cryptocurrencies by market cap.

The news also arrives as Binance continues to expand its operations despite setbacks like its recent departure from the Japanese market.

Earlier this month, Binance announced the closure of its Pay service in Europe due to a lack of interest from merchants.

The service, launched in 2024, aimed to facilitate cryptocurrency payments for online and point-of-sale transactions.

However, despite initial enthusiasm, European merchants showed limited engagement with the service.

As a U.S.-backed stablecoin, USD1 could also strengthen the dollar’s dominance in global crypto markets.

But it may face resistance in regions wary of U.S. financial oversight.

This limitation could restrict USD1’s international reach compared to less regulated stablecoins like Tether’s USDT, which is widely used in decentralized finance (DeFi) despite having faced scrutiny for its reserves management.

The addition of USD1 to Binance’s platform also comes amid a broader crackdown on