Binance Expands the Role of USD1 Across Its Trading Ecosystem

Binance, the world’s largest crypto exchange, is deepening its integration of USD1 — the stablecoin issued by World Liberty Financial — by enabling trading pairs such as BNB, ETH, and SOL against USD1 on several of its most active spot markets. The exchange confirmed that throughout this week, all collateral assets currently backing Binance-Peg BUSD (B-Token) will be converted into USD1 at a 1:1 ratio.

World Liberty Financial emphasized that this conversion marks a significant step in making USD1 a core component of Binance’s new collateral framework, boosting its liquidity and utility across the platform. According to DeFiLlama, nearly $2.8 billion worth of USD1 is in circulation, with a substantial share originating from MGX, an Abu Dhabi–based fund that deployed USD1 for a $2 billion investment in Binance earlier this year.

Zach Witkoff, CEO and co-founder of World Liberty Financial, stated that Binance’s expanded support for USD1 is “a major milestone” toward delivering a fully backed, USD-linked digital asset to users worldwide.

Trump’s Family Listed as Co-Founders

U.S. President Donald Trump and his three sons are also listed as co-founders of World Liberty Financial, the DeFi protocol launched in October 2024. The announcement followed Trump’s October pardon of former Binance CEO Changpeng Zhao. At the same time, Binance.US denied any political motivation behind the listing of USD1.

Launched in March, USD1 is said to be fully backed by short-term U.S. Treasury bills, USD deposits, and other cash-equivalent reserves.

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