Binance, the largest cryptocurrency exchange in the world by trading volume, has announced the listing of USD1. This move has triggered a double-digit increase in the trading volume of this stablecoin.

This US dollar-pegged stablecoin was developed by World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol backed by President Donald Trump and his family.

Binance announces the listing of USD1

According to Binance's official announcement, USD1 will be available for trading with Tether (USDT).

“Binance will list World Liberty Financial USD (USD1) and open trading for the spot trading pair at 12:00 (UTC) on May 22, 2025,” the exchange wrote.

Deposits for USD1 are now open on Binance, allowing users to prepare for trading. Withdrawals will be available starting at 12:00 UTC on May 23, allowing users to withdraw their assets when the trading pair goes live.

Following this news, the trading volume of USD1 has increased from around $72 million to over $95 million at the time of writing, marking a 31.9% increase. Furthermore, data from CoinGecko reveals that the trading volume of USD1 has surged by 626.5% in the past 24 hours.

The listing on Binance follows a recent development for USD1. The cryptocurrency exchange KuCoin also added it on May 21. The exchange launched spot trading for USD1 at 11:00 UTC, signaling increasing interest in this stablecoin.

“KuCoin is proud to announce another great project coming to our spot trading platform. USD1 (USD1) will be available on KuCoin!” the announcement read.

These listings on the exchange mark a significant milestone for USD1, which was only launched two months ago. Nevertheless, it has achieved a market capitalization of over $2.1 billion, positioning itself as one of the fastest-growing stablecoins in the market.

Meanwhile, BeInCrypto reports that World Liberty Financial is also planning to airdrop USD1 to eligible WLFI holders. The airdrop proposal, posted on May 7, was approved a week later with overwhelming support, as 6.8 billion users voted in favor of the airdrop. The team has stated that full details about the airdrop will be announced soon.

In addition to being listed on the exchange, WLFI's USD1 has also attracted significant attention due to its role in prominent institutional transactions. The Abu Dhabi-based investment firm MGX has chosen USD1 to settle a $2 billion investment in Binance.

However, the rapid rise of this stablecoin has not gone without scrutiny. Due to political ties with the Trump family, some lawmakers have expressed concerns about potential conflicts of interest. Despite these concerns, Binance's support indicates strong market confidence in the potential of this stablecoin.