Binance, the leading cryptocurrency exchange, has officially announced the listing of USD1—the stablecoin developed by World Liberty Financial (WLFI). Spot trading for USD1 will commence on May 22 at 12:00 UTC, with deposits now open for users to prepare ahead of launch.
As part of the listing process, Binance stated that BNB was used as the listing fee for USD1. Withdrawals for the stablecoin will become available on May 23 at 12:00 UTC, although the exchange emphasized that this timeline is an estimate and users should consult Binance’s withdrawal page for real-time updates.
USD1: A New Entrant in the Stablecoin Arena
USD1 is a fiat-backed stablecoin launched in April 2025 by World Liberty Financial. Pegged 1:1 to the U.S. dollar, USD1 is designed to enhance digital transaction capabilities by offering seamless interchange between fiat and digital currencies.
The stablecoin is issued and regulated by BitGo Trust Company, a licensed trust entity based in South Dakota, ensuring strict compliance with U.S. financial laws. BitGo also acts as the custodian for the reserves backing USD1, which are comprised primarily of U.S. Treasuries.
At the time of reporting, USD1 was trading at approximately 1.0018 USD, reflecting a modest 0.09% increase over the previous 24 hours. On-chain data revealed that WLFI recently spent 25,011 USD1 acquiring over 636,961 billion units—a notable transaction that occurred just eight hours ago.
Growing Stablecoin Ecosystem and Market Competition
With its listing on Binance, USD1 enters a highly competitive stablecoin market dominated by Tether (USDT), which holds over 60% market share and is backed by Cantor Fitzgerald. Data from Deutsche Bank shows that stablecoin transactions in 2024 hit $28 trillion, exceeding combined totals for Mastercard and Visa.
World Liberty Financial has also attracted significant institutional backing. In March 2025, MGX Investment Fund from Abu Dhabi pledged $2 billion in USD1 to Binance, marking the largest digital asset investment in the company’s history. MGX CEO Ahmed Yahia described the move as a strategic step to support the evolution of blockchain-powered finance.
Regulatory Outlook and U.S. Legislation
The growing relevance of stablecoins like USD1 has captured attention in Washington. David Sacks, the White House’s top advisor on AI and crypto, recently declared that upcoming U.S. legislation could create massive demand for Treasury securities by formalizing the stablecoin market. Sacks stated, “With over $200 billion already circulating in stablecoins, regulation could quickly drive trillions in Treasury demand.”
The GENIUS Act, which aims to regulate the stablecoin market, recently passed a crucial procedural vote in the Senate by a 66-32 margin. Sixteen Democrats broke ranks to support the bill, even as concerns linger over potential conflicts of interest involving former President Trump’s digital asset ventures—including WLFI and its USD1 stablecoin.
While some lawmakers, such as Senators Rand Paul and Jerry Moran, opposed the bill, the legislation cleared the required 60-vote threshold and is expected to pass. Sacks positioned the bill as a cornerstone of the administration’s national economic strategy, emphasizing faster and more efficient financial systems.
Binance Trading Policies and Protections
Binance reminded users that standard trading fees will apply for USD1, and participants should refer to the platform’s VIP tier structure for detailed rates. The company also reiterated its right to disqualify users who engage in manipulative or automated trading, or any activity deemed to disrupt the integrity of its trading systems.
#MerlinTradingCompetition #BinanceHODLerHAEDAL #DinnerWithTrump #BinanceAlphaAlert #EthereumSecurityInitiative $BTC $SOL