As of June 2, 2025, USD1, a stablecoin associated with Binance, is trading at approximately $0.9989, maintaining its peg to the U.S. dollar. The intraday high reached $1.006, while the low dipped to $0.9940. This slight fluctuation is typical for stablecoins, which aim to stay close to a 1:1 ratio with the $USD1

In recent developments, Binance CEO Richard Teng highlighted the growing legitimacy of cryptocurrencies, especially with the U.S. government's support. He noted that this backing could lead sovereign wealth funds and governments to reconsider their reserve allocations. Teng also mentioned that Binance received a significant investment from Abu Dhabi's MGX fund in USD1, indicating increased institutional interest in the stablecoin. #CEXvsDEX101 #TradingTypes101 #SaylorBTCPurchase #SaylorBTCPurchase #FTXRefunds