The USD1 stablecoin of #WorldLibertyFinancial , a project advised by the family of US President Donald Trump, is attracting significant attention as it is confirmed to be integrated with two giants, Binance and TRON. This information was announced by Eric Trump, the senior advisor of the project, at the ongoing TOKEN2049 conference in Dubai. Below is a detailed summary of this ambitious plan and its potential to change the landscape of the financial market.
Integration with Binance and TRON: USD1's Breakthrough
At the TOKEN2049 conference, Eric Trump, Zach Witkoff (co-founder), and Justin Sun (founder of TRON, co-advisor) announced a strategic partnership plan. #USD1 has been chosen as the official stablecoin for the 2 billion USD fundraising deal of Binance from the MGX group in Abu Dhabi, marking the first time the world's largest exchange has raised funds externally with a record value in the industry. Rumors of collaboration between Binance and World Liberty Financial, previously revealed in early April, have now been confirmed, opening the possibility of USD1 being listed in the near future.
Additionally, TRON will be the next blockchain to support USD1, backed by Justin Sun – who has invested 75 million USD into the project during difficult times. In return, World Liberty Financial invests in token $TRX and other projects, despite being implicated in 'cross-token' allegations. Currently, USD1 has been issued on BNB Chain (2.1 billion USD supply) and Ethereum (14.5 million USD), with the majority of the issuance on BNB Chain concentrated at the end of April.
USD1: Transparent Stablecoin with Strong Backing
USD1, launching at the end of March 2025, is backed by US Treasury bills, cash, and equivalent assets, aimed at ensuring stability and transparency. According to Eric Trump, USD1 not only provides stability like USD but also supports cross-border transactions, enhancing safety for users. Zach Witkoff hinted at plans to integrate USD1 into DeFi in the future, with the goal of becoming the stablecoin of choice in both CeFi, DeFi, and the traditional payment industry.
TRON – Important Launchpad for USD1
TRON, the second largest centralized stablecoin Tether (USDT) on the blockchain with 71 billion USD (after Ethereum with 74 billion USD), is witnessing strong growth. In April, Tether issued 4 billion new USDT on TRON, double that of Ethereum. Support from TRON and Justin Sun promises to accelerate the adoption of USD1, especially as TRON has proven its ability to handle large transaction volumes.
The Grand Vision of World Liberty Financial
Eric Trump is confident that crypto, with its rate of innovation 100 times faster than the banking industry, will replace outdated financial corporations and bring financial freedom to users through mobile devices. He likens the banking industry to old film cameras, predicting they will 'go extinct' in the face of the cryptocurrency wave led by the previously oppressed.
Conclusion
The integration of USD1 with Binance and TRON marks a major turning point, not only elevating World Liberty Financial's project but also potentially shaping global stablecoin trends. With support from the Trump family and strategic partners, USD1 promises to create a new wave in the financial market. Investors and the crypto community need to closely monitor this move to seize opportunities!
