Binance lists USD1 stablecoin, sparking a double-digit surge in its trading volume on the world’s largest crypto exchange.
The US dollar-pegged stablecoin USD1, developed by the decentralized finance (DeFi) protocol World Liberty Financial (WLFI), has received backing from President Donald Trump and his family.
Binance Lists USD1 for Trading
In an official statement, Binance confirmed that USD1 will be tradable against Tether (USDT).
“Binance will list World Liberty Financial USD (USD1) and open trading for the following spot trading pair at 2025-05-22 12:00 (UTC),” the exchange wrote.
Users can now deposit USD1 on Binance in preparation for trading. Withdrawals will become available on May 23 at 12:00 UTC, coinciding with the live launch of the trading pair.
Following the announcement, USD1’s trading volume jumped from approximately $72 million to over $95 million at the time of writing, reflecting a 31.9% increase. Additionally, CoinGecko data showed that USD1’s 24-hour trading volume soared by 626.5%.
This Binance listing follows a recent move by KuCoin, which began offering spot trading for USD1 on May 21 at 11:00 UTC. This indicates a growing demand for the stablecoin across major exchanges.
“KuCoin is extremely proud to announce yet another great project coming to our Spot trading platform. USD1 (USD1) will be available on KuCoin!” the announcement read.
These listings represent a significant milestone for USD1, which debuted two months ago. Despite its short time on the market, it has already reached a market capitalization exceeding $2.1 billion, making it one of the fastest-growing stablecoins available.
At the same time, World Liberty Financial announced plans to airdrop USD1 to eligible WLFI token holders. The airdrop proposal, initially shared on May 7, passed with overwhelming approval a week later, with 6.8 billion votes in favor. The WLFI team stated that comprehensive details about the airdrop will be released soon.
Beyond exchange activity, USD1 has attracted institutional interest. Abu Dhabi-based investment group MGX chose USD1 to facilitate a $2 billion investment on Binance, underlining its growing utility.
Nevertheless, the stablecoin’s swift ascent has drawn scrutiny. Its connections to the Trump family have raised questions from lawmakers regarding possible conflicts of interest. Even so, Binance’s support reflects strong confidence in USD1’s market potential.
