Binance Boosts Support For Trump Linked Stablecoin USD1

Binance, the world’s largest crypto exchange, has widened its listings to include more trading pairs tied to USD1, the stablecoin created by World Liberty Financial, the firm co-founded by President Donald Trump and his sons. 

The update was announced on Thursday as the exchange continued to adjust its platform around newer stablecoin activity.

New Trading Pairs And Collateral Shift

Binance added fee free trading pairs for major tokens such as Ether, Solana and BNB, adding to the Bitcoin pair already available. The exchange also revealed that all collateral assets backing its former stablecoin, BUSD, will be converted into USD1 at a 1 to 1 rate within a week.

In its statement, Binance said this shift places USD1 at the center of its updated collateral model and further blends the stablecoin into routine activity on the exchange. The change arrives during a period of rising interest in alternative dollar pegged tokens across global trading platforms.

Zach Witkoff, co founder and CEO of World Liberty Financial, welcomed the update, saying that expanded access on Binance helps push USD1 toward broader use across regions that rely heavily on stablecoins for on chain transfers.

USD1 Gains Good Position In The Stablecoin Market

USD1 launched in March on Ethereum and BNB Chain. It is backed by US Treasury bills and has grown into the seventh largest stablecoin with a market cap near $2.7 billion. A major boost came in May when Abu Dhabi investment firm MGX chose USD1 as the unit for a $2 billion investment in Binance.

Still, the supply of USD1 has slipped somewhat from its high of $3 billion in late October. Data from CoinGecko shows no fresh issuance in recent months, suggesting a period of slower output despite rising exchange support.

Trump’s link to the project has also kept it in the spotlight. Along with his sons, he is a co founder of World Liberty Financial. He granted a pardon to Binance founder Changpeng Zhao seven weeks ago. Zhao had been sentenced to four months in prison in April 2024 after pleading guilty to failing to maintain an adequate Anti Money Laundering program at the exchange.

Trump said he issued the pardon after hearing from “a lot of people” that Zhao’s actions did not represent a crime. The pardon drew heavy attention in crypto circles and added further public focus to USD1 and its role on Binance.