The largest crypto exchange, Binance announced that it will list World Liberty Financial USD (USD1). Trading will start on May 22, 2025, sharp at 12:00 UTC with the USD1/USDT trading pair. It is already listed on exchanges such as KuCoin.
As for USD1, BitGo Trust, a regulated company in the U.S. has stored up dollars in form of cash, short-term U.S. Treasuries, and dollar deposits. Although it appears to protect the privacy of some reserve information, the stablecoin asserts that it is fully compliant with relevant U.S. regulations, including AML and KYC requirements.
World Liberty Financial (WLFI), a fintech company associated with the family of 47th President Donald Trump, listed USD1 after it soared since its debut in March 2025. WLFI calls Trump the Chief Crypto Advocate, and his sons serve as the platform’s Web3 Ambassadors.
Within only three months, the market cap of USD1 hit $2.3 billion, meaning it is now the seventh-largest USD-backed stablecoin. Growth has steadily increased due to a $2 billion investment from Abu Dhabi’s MGX and the increasing number of people using Kraken for retail payments and DeFi. Right now, the token can be found on Ethereum and BNB Chain and will soon be expanded to other blockchains using Chainlink’s interoperability solution
As per the announcement, transfers in USD will be possible from May 23, 2025, at 12:00 UTC, unless the timing changes due to preparation for the withdrawal feature.
US Democrats are unhappy with the rise of WLFI as many Senators have questioned the political ties it holds. They see it as a problem, pointing to Trump’s involvement as politically motivated for personal gains and not for the betterment of the country. However, in its latest response to Congress, WLFI has rejected the criticism, calling it “fundamentally flawed.”
Even though there is scrutiny, placing USD1 on Binance, the biggest exchange, may greatly improve its liquidity, make it more visible, and even challenge popular stablecoins such as Tether (USDT) and USD Coin (USDC) as well as Ripple (RLUSD).
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