On May 22, 2025, Bitcoin broke through the all-time high of $110,000, and the crypto market was boiling.
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On May 22, 2025, Bitcoin broke through the all-time high of $110,000, and the crypto market was boiling. However, Bitcoin's glory was just the opening of this wave of enthusiasm, and a stablecoin called USD1 quietly took center stage. As a dollar-anchored stablecoin launched by World Liberty Financial (WLFI), a DeFi project endorsed by the Trump family, USD1 set off a carnival of ecological tokens after Binance announced support for its trading pairs. In just one day, BUILDon, a token related to USD1, soared 480%, and usd1doge soared 10 times, and market sentiment was completely ignited.
Binance Ignition: USD1 Trading Pair Explodes the Market
At 8 pm on May 22, Binance officially launched the USD1 trading pair, becoming the third mainstream exchange to support USD1 after HTX and MEXC. This news was like a bombshell dropped into the market, quickly detonating the market for tokens related to USD1. BUILDon (token B) on the Binance Alpha platform was the first to be affected, soaring 480% in 6 hours, and a single-day increase of 192%. The market value exceeded 220 million US dollars, setting a record high. In the community, investors excitedly discussed: "USD1 is going to take over FDUSD and become Binance's new favorite!"
BUILDon is not an isolated case. The meme coin usd1doge, which is pegged to USD1, achieved an astonishing 10-fold increase in 24 hours, with its market value soaring from $130,000 to $2 million. Although it subsequently fell back to $730,000, its performance is still jaw-dropping. Another token, EAGLE, is not to be outdone. As the first USD1-related project on the Ethereum chain, its highest daily increase reached 1,067%, and its market value once reached $3.74 million. On the Binance gainer list, tokens such as LISTA and STO also performed well, rising 46.62% and 20% respectively, and the market's confidence in the "WLFI concept" and "Binance-based" projects was quickly pushed to a high point.
The direct trigger of this craze was Binance's support for USD1. USD1 was launched by WLFI in March 2025. It is positioned as a stablecoin anchored to the US dollar at a 1:1 ratio. Its reserve assets are 100% supported by short-term US Treasury bonds and US dollar deposits, and its custodian is BitGo Trust Company. With the strong endorsement of the Trump family, the participation of co-founder Eric Trump has enabled USD1 to bring its own traffic. Within two months, its market value soared from US$128 million to US$2.1 billion, ranking among the top seven stablecoins in the world. More importantly, USD1 accounts for 90% of the circulation on the BNB chain, and the trading pairs launched by Binance this time have undoubtedly injected new vitality into this ecosystem.
Hot money surges: the catalytic effect of the Trump label
The rise of USD1 is not accidental. Behind it is the dual blessing of "hot money in US dollars + Trump label". In early May, Abu Dhabi investment institution MGX injected US$2 billion into Binance through USD1. This event not only pushed up the market value of USD1, but also allowed the market to see its strong resource integration capabilities. Binance founder Zhao Changpeng publicly stated on May 16 that this investment was completed entirely through USD1 and had nothing to do with the Trump meme coin hyped in the market. This statement further vindicated USD1 and made investors look forward to the deep binding between Binance and USD1.
What is even more striking is that there is a deeper geopolitical layout behind USD1. On May 23, the Wall Street Journal quoted people familiar with the matter as saying that Trump's Middle East envoy Steve Witkoff had flown to the UAE a month before Trump's inauguration to discuss regional issues and participate in a crypto-themed conference. When his son, WLFI founder Zach Witkoff, pitched to crypto companies, he compared Trump to the "Godfather" and declared that WLFI would take full advantage of the increasingly relaxed cryptocurrency regulatory policies in the United States. Not only that, Zach Witkoff also visited Pakistan and met with senior government officials to propose the idea of using blockchain technology to "tokenize" the country's rare earth mineral sales-a few weeks later, these officials negotiated with the Trump administration on the India-Pakistan ceasefire agreement. And it was Binance founder Zhao Changpeng (CZ) who helped WLFI to match some of its overseas trips, although
