Binance Lists "USD1," a Stablecoin Issued by WLFI, a Decentralized Finance (DeFi) Project Run by the Family of U.S. President Donald Trump.

Binance, the world's largest exchange, announced on the 22nd that it will list USD1 spot trading pairs at 12:00 UTC (21:00 Korean time).

Binance, the world’s largest exchange, is to list USD1, a stablecoin issued by decentralized finance (DeFi) project World Liberty Financial (WLFI), which is run by the family of U.S. President Donald Trump.

The exchange said in a statement on Wednesday that it will list USD1 spot trading pairs at 12:00 UTC.

It will be possible to purchase USD1 through Tether (USDT).

USD1 is a dollar-issued and one-on-one collateralised stablecoin, which was introduced by WLFI last month. The project is being led by the Trump family, with the former president’s second son Eric Trump acting as a main spokesperson.

Earlier, at the ‘Token 2049’ event held in Dubai from the 30th of last month to the 1st, Eric Trump announced that the UAE's state-owned investment company MGX would use USD1 to invest in Binance, revealing the link between the two companies. The investment attraction amounts to $2 billion.

Already, allegations have been raised through Bloomberg and others that CZ Binance founder Zhao Changpeng is discussing amnesty issues with the Trump family and is cooperating with WLFI in return.

"It [USD1] provides financial freedom, especially for people who have never enjoyed financial freedom, have never enjoyed financial independence, countries devastated by war, countries where corruption is rampant, markets and countries plagued by outrageous inflation," said Eric Trump at the 'Consensus' in Toronto, Canada on the 16th (local time).