Binance, the world’s busiest cryptocurrency exchange, has enabled a new trading pair with USD1. It is a US dollar-backed stablecoin issued by World Liberty Financial (WLFI), an entity associated with the business environment of US President Donald Trump and his family.
This move expands the operations of this digital asset just nine months after its launch.
According to a Binance report, users can trade the BNB/USD1, ETH/USD1, and SOL/USD1 pairs on the spot market. This previously included pairs such as BTC/USD1, WLFI/USD1, USDT/USD1, and USDC/USD1.
This is the position of stablecoins Within some of the most active markets on the platform.
Additionally, Binance will convert all collateral assets backing the Binance-Peg BUSD (B-Token) into USD1 at a 1:1 ratio. This process is expected to complete in about a week, which means: USD1 will become an integral part of the exchange’s collateral structure.
From WLFI they showed that This integration expands the range of assets. “Binance is providing hundreds of millions of users with enhanced access to USD1,” said Zach Witkoff, CEO and co-founder of the company.
USD1 is presented as a fully redeemable stablecoin backed by US government bonds, cash deposits and cash equivalents. The expansion comes as businesses related to digital assets are generating significant income for President Trump’s inner circle.
According to a report by CriptoNoticias, the profits from these efforts would have exceeded US$1 billion. This strengthens the political and economic importance of this type of project in the digital asset market.