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May 29, 2025

Binance continues to lead innovation in the crypto space with several major updates this week:

New Stablecoin Support

Binance has added support for the USD1 stablecoin from World Liberty Financial. USD1 is pegged 1:1 to the US dollar and is now available for trading, conversions, and Simple Earn.

Launch of Sophon (SOPH) Token

Binance listed the new token SOPH on May 28. Eligible Binance Alpha users can claim 1,250 SOPH tokens through an exclusive airdrop campaign.

Web3 Advancements with Binance Alpha

The platform has enhanced its Web3 integration, allowing users to explore and trade decentralized assets directly on Binance—no separate wallet or gas fees required.

Bitcoin Price Volatility

Bitcoin experienced notable fluctuations, briefly falling below $107,000 before rebounding to above $108,000, reflecting ongoing market uncertainty.