Binance Lists USD1 Stablecoin, Triggers Double-Digit Surge in Trading Volume

This US dollar-pegged stablecoin is developed by World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol backed by President Donald Trump and his family.

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of USD1, a US dollar-pegged stablecoin developed by World Liberty Financial (WLFI). The move has triggered a double-digit surge in the stablecoin’s trading volume.

Binance will list World Liberty Financial USD (USD1) and open spot trading for the following trading pair at 2025-05-22 12:00 (UTC):

USD1/USDT

USD1 deposits will be available starting from 2025-05-21 at 12:00 (UTC).

USD1 withdrawals will be available starting from 2025-05-23 at 12:00 (UTC).

World Liberty Financial’s Stablecoin Gains Momentum

This US dollar-pegged stablecoin is developed by WLFI, a decentralized finance (DeFi) protocol backed by President Donald Trump and his family.

According to World Liberty Financial’s website, USD1 is a multi-chain stablecoin designed to provide users with a stable and reliable digital currency. The stablecoin is pegged to the US dollar and aims to maintain a 1:1 ratio.

The protocol’s token, WLFI, serves as the governance token for the DeFi protocol and grants holders voting rights on proposals related to the protocol’s future.

Earlier this month, an airdrop proposal for USD1 to WLFI holders was put to a vote by the protocol’s token holders. The proposal passed with overwhelming support, as 6.8 billion users voted in favor of the airdrop. The team stated that full details of the airdrop will be announced shortly.

USD1’s Integration in Billion-Dollar Institutional Transaction

In addition to these exchange listings, WLFI’s USD1 has also gained significant traction due to its role in high-profile institutional transactions. Abu Dhabi-based investment firm MGX selected USD1 to settle a $2 billion investment in Binance.

However, the stablecoin’s rapid rise has not come without scrutiny. Due to its political ties to the Trump family, several lawmakers have raised concerns about potential conflicts of interest.

Despite these concerns, Binance’s endorsement signals strong market confidence in the stablecoin’s potential. It remains to be seen how USD1 will perform in the long term as it faces competition from other established stablecoins like Tether and USD Coin.