USD1 Goes Live on Binance: A New Step for WLFI’s Stablecoin
Date: 2025-05-23 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
USD1 will become available on the largest cryptocurrency exchange Binance from 12:00 UTC on May 22. At the same time, withdrawals will be open from May 23. This event could significantly affect the asset’s recognition and liquidity.
USD1 is a secured stablecoin, the rate of which is strictly pegged to the US dollar in a 1:1 ratio. It was first introduced in March 2025 by World Liberty Financial, a Miami-based company. This organization is closely associated with Donald Trump and his family, which has caused a certain resonance in US political circles.
USD1 is backed by cash, dollar deposits, and short-term US Treasury bonds. The token is issued and managed by BitGo Trust Company, a US-registered trust company. Although the reserves are audited regularly, the details of the asset composition are not publicly disclosed.
Despite its relative newness, USD1 is already listed on several major trading platforms, including KuCoin. In a short time, it has managed to take seventh place among stablecoins by market capitalization, reaching $2.1 billion as of May 2025.
World Liberty Financial is actively promoting USD1 as a more profitable alternative to existing solutions on the market, such as USDC and Tether. They cite free launch and storage as key benefits, which can attract new users and institutional investors.
However, the project faces certain obstacles. In particular, Democrats in the US Senate have expressed concerns about the involvement of the Trump family in World Liberty Financial. These connections may become the subject of additional regulatory scrutiny, which in turn may affect the future of the stablecoin.
The listing on Binance represents an important step in the development of USD1, but its long-term success will depend not only on market conditions but also on the political environment and the level of trust among users.
