Binance has officially listed $USD1 , a U.S.dollar-pegged stablecoin issued by World Liberty Financial (WLFI), an entity backed by the Trump family. Trading for $USD1 commenced on Binance at 12:00 UTC with the USD1/USDT trading pair.
◆ What Is USD1?
USD1 is a fiat-backed stablecoin designed to maintain a 1:1 peg with the U.S. dollar. It is fully collateralized by short-term U.S. Treasury bills, dollar deposits, and other cash equivalents. The reserves are held by institutional custodian BitGo, audited by third-party accounting firms, and verified through Chainlink's Proof-of-Reserves (PoR) mechanism to ensure transparency and security.
Blockchain Availability
USD1 is available on multiple blockchain networks, including:
•Ethereum (ERC-20)
•Binance Smart Chain (BEP-20)
This multi-chain deployment allows users to transact USD1 across different decentralized platforms.
Market Performance
Since its launch, USD1 has experienced significant growth:
•Current Price: Approximately $1.0005 USD per USD1 token
•Market Capitalization: Over $2.1 billion, making it one of the fastest-growing stablecoins in the market
•24-Hour Trading Volume: Approximately $57.21 million
