On December 11, the crypto exchange Binance
$3.61B
introduced trading pairs that feature the Trump-family-supported stablecoin USD1.
According to an announcement from Business Wire, Binance expanded its fee-free spot options to include BNB
/USD1, ETH
/USD1, and SOL
/USD1, which join the previously available BTC/USD1 pair.
Binance also revealed its decision to convert all BUSD collateral into USD1 at a one-to-one ratio over the next week. This update will give the stablecoin a key role in the exchange’s collateral system, as part of a push to incorporate USD1 more fully into exchange activity.
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World Liberty Financial, co-founded by Donald Trump and his sons, released USD1 in March 2025 on both Ethereum and BNB Chain.
Zach Witkoff, World Liberty Financial’s CEO and co-founder, stated in the announcement:
Binance’s expansion of USD1 marks an important moment in WLFI’s effort to make digital US dollar stablecoins available to people everywhere.
Since that launch, USD1 has grown to become the seventh-largest stablecoin, currently holding a market capitalization of around $2.7 billion. Its growth included a $2 billion injection from Abu Dhabi’s MGX into the same exchange.
Binance’s global platform, Binance.com, recently secured approval from the Financial Services Regulatory Authority (FSRA) to operate under Abu Dhabi Global Market’s regulated framework. How? Read the full story.
