Binance is listing World Liberty Financial USD (USD1), a USD backed stablecoin. It is worth noting that World Liberty financial is backed by Trump
Binance, a leading cryptocurrency exchange, is listing World Liberty Financial USD (USD1), a USD-backed stablecoin, on May 22 at 12:00 UTC. Trading for the new digital asset will begin with the USD1/USDT trading pair on the exchange. Binance will also open withdrawal functionality for USD1 on May 23 at 12:00 UTC.
The exchange has waived the typical listing fee for USD1, setting it at 0 BNB, which removes any barrier for the token’s integration into Binance’s trading ecosystem. The World Liberty Financial USD (USD1) stablecoin maintains a 1:1 equivalence with the US dollar and is issued by BitGo Trust Company under full US regulatory compliance. The announcement comes as World Liberty Financial integrates with Chainlink to allow multi-chain USD1 transfers.
The World Liberty Financial USD (USD1) token is being actively traded by the Trump family-backed organization, with recent activity showing the entity spending 25,011 USD1 tokens to purchase 636,961 BUILDon (B) tokens approximately eight hours before the Binance listing announcement, as Lookonchain reports.
The WLF portfolio crossed $100 million mark and as of writing the portfolio is valued at over $108 million. The holdings are also spread across multiple blockchain networks and asset types.
According to data from Arkham Intelligence, the largest holdings by value include USDC with 22.039 million tokens worth $22.04 million. Ethereum represents the second-largest position with 7.933K ETH valued at $20.85 million.
Trump himself is hosting the much-awaited dinner for all the top holders of the TRUMP meme coin. Tron founder Justin Sun is also attending the dinner today.
Bitcoin holdings account for $18.12 million through 162.69 WBTC (Wrapped Bitcoin) tokens. The portfolio also includes 5.003K STETH (Staked Ethereum) tokens. Smaller but notable positions include TRX with 40.698 million tokens valued at $11.03 million and WHTTE with 10 billion tokens worth $5.44 million.
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