Trump-tied WLFI adds USD1 trading pairs on Binance crypto exchange:

Crypto exchange Binance is making Trump-linked stablecoin USD1 a core part of its infrastructure just months after launch, according to a Thursday release.

Binance users can now trade BNB/USD1, ETH/USD1 and SOL/USD1, bringing World Liberty Financial's ("WLFI") dollar-backed stablecoin into some of Binance's most active spot markets.

In addition to the trading pairs, all of Binance's collateral assets backing Binance's BUSD-pegged token (B-Token) will be converted into USD1 at a one-to-one ratio, a process anticipated to be completed within a week.

“Binance’s expansion of USD1 marks an important moment in WLFI’s effort to make digital US dollar stablecoins available to people everywhere,” said Zach Witkoff, CEO and co-founder of World Liberty Financial. “By integrating USD1 into liquidity, trading, and collateral systems on the world’s largest exchange, Binance is giving hundreds of millions of users improved access to USD1.”

USD1 is supported by reserves held in short-dated U.S. Treasury bills, cash deposits and other cash equivalents.

WLFI is the decentralized finance ("DeFi)" protocol and governance platform linked to the Trump family. In October, U.S. President Donald Trump pardoned Changpeng Zhao, the convicted founder Binance who was prosecuted under the Biden administration for violating anti-money laundering rules