Binance lists USD1 - stablecoin from World Liberty Financial
Binance, the leading cryptocurrency exchange in the market, lists World Liberty Financial USD (USD1) and opens trading for the USD1/USDT pair starting at 19:00 on May 22. This event is expected to boost trading volume and increase liquidity for USD1 in the cryptocurrency market.
Users can now start depositing USD1 in preparation for trading, with a listing fee of 0 BNB. Withdrawal of USD1 will be enabled from 19:00 on May 23.
Following Binance's announcement, USD1 recorded a 110% increase in trading volume, reaching 298.57 million USD. The project's market capitalization reached 2.13 billion USD. USD1 maintains a stable value of 1 USD.
USD1 is a digital asset backed by fiat currency, launched in April by World Liberty Financial (WLFI), a fintech company based in Miami, Florida. The stablecoin aims to simplify digital transactions by ensuring seamless exchange between fiat and cryptocurrency assets.
Issued and legally managed by BitGo Trust Company – a regulated trust organization in South Dakota – USD1 fully complies with U.S. legal standards. USD1 has received high trust ratings, especially in the context of investors increasingly focusing on transparency and legal compliance in the blockchain sector.
World Liberty Financial, behind USD1, aims to build a decentralized financial ecosystem, connecting cryptocurrency with traditional financial services. With the support of BitGo, USD1 is not only a payment tool but also a bridge for decentralized finance (DeFi) applications and cross-border transactions.