Binance Expands USD1 Stablecoin Listings in Partnership with Trump’s Crypto Platform

TLDR

• Binance introduces new fee-free trading pairs for the Trump-backed USD1 stablecoin.
• USD1 stablecoin, tied to Trump’s platform, now supported on Binance with leading crypto pairs.
• Binance transitions collateral from BUSD to USD1 stablecoin as part of a major update.
• Trump’s World Liberty Financial sees Binance as a key ally in expanding USD1 stablecoin’s reach.

Binance is strengthening its ties with Donald Trump’s crypto platform, World Liberty Financial, by expanding support for the USD1 stablecoin. This move includes adding fee-free trading pairs with major cryptocurrencies like Ether, Solana, and BNB. With plans to shift collateral from BUSD to USD1, Binance is positioning USD1 as a key player in the stablecoin space, marking a significant milestone in the platform’s evolving relationship with Trump’s digital finance initiative.

Binance Expands Support for USD1 Stablecoin Tied to Trump’s Platform

In a strategic move to diversify its stablecoin offerings, Binance has announced the expansion of support for the USD1 stablecoin, issued by World Liberty Financial (WLFI). This update brings the addition of fee-free trading pairs with major cryptocurrencies like Ether (ETH), Solana (SOL), and BNB (BNB). This move underscores Binance’s continued commitment to expanding its ecosystem, particularly in the fast-evolving stablecoin space.

This decision marks a deeper collaboration between Binance and WLFI, the crypto platform co-founded by former U.S. President Donald Trump. Binance has also confirmed that it will shift its BUSD collateral assets to USD1 at a 1:1 ratio, reinforcing USD1’s role within the Binance ecosystem.

USD1 Stablecoin’s Growth and Binance’s Role

Launched in March, the USD1 stablecoin is backed by U.S. Treasury bills and operates across both the Ethereum and BNB Chain networks. With a market capitalization of $2.7 billion, it ranks as the seventh-largest stablecoin globally. Binance’s move to list USD1 further solidifies the growing recognition of this U.S. dollar-backed digital asset.

Zach Witkoff, co-founder and CEO of World Liberty Financial, expressed gratitude for the expansion, noting that Binance’s support aligns with WLFI’s goal of making USD1 more accessible to global users. “Binance’s addition of USD1 is a significant step in our mission to offer U.S. dollar-backed stablecoins to people around the world,” said Witkoff.

Binance Shifts Collateral from BUSD to USD1

As part of this integration, Binance has announced that it will convert all collateral supporting BUSD into USD1. This transition, which is expected to be completed within the week, reflects the declining usage of BUSD and highlights the increasing importance of USD1 in Binance’s operations.

The switch from BUSD to USD1 also aligns with Binance’s broader strategy of diversifying its collateral base. USD1, being backed by traditional assets like U.S. Treasury bills, provides added stability, catering to the growing demand for stablecoins tied to real-world assets.

A Growing Partnership with Trump’s Platform

Binance’s decision to integrate USD1 comes shortly after former U.S. President Donald Trump pardoned Binance founder Changpeng Zhao in October 2024. The pardon followed Zhao’s conviction related to anti-money laundering practices at Binance, drawing significant attention to both parties’ relationship.

The expanding partnership between Binance and Trump’s World Liberty Financial is set to further solidify Binance’s position in the stablecoin market. With Binance playing a pivotal role in promoting USD1, the collaboration is expected to benefit both parties as they seek to capture a larger share of the fast-growing stablecoin sector.

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