Binance, the world’s leading cryptocurrency exchange, has confirmed that it will begin trading World Liberty Financial USD (USD1) on May 22, 2025, at exactly 12:00 UTC. The stablecoin will be paired with USDT (USD1/USDT) and marks its entry onto a major platform after previously being listed on exchanges like KuCoin.
USD1 is issued by World Liberty Financial (WLFI), a fintech firm linked to the family of the 47th U.S. President, Donald Trump. WLFI has referred to Trump as its “Chief Crypto Advocate,” with his sons appointed as Web3 Ambassadors for the platform. Since launching in March 2025, USD1 has rapidly gained momentum, achieving a market capitalization of $2.3 billion in just three months—ranking it as the seventh-largest USD-backed stablecoin.
The stablecoin is backed by assets including cash, U.S. Treasury bills, and bank deposits, all held under custody by BitGo Trust, a regulated U.S.-based entity. While some reserve-related details remain confidential, the project emphasizes full compliance with U.S. regulatory standards, particularly anti-money laundering (AML) and know-your-customer (KYC) protocols.
Fueling USD1’s rapid adoption was a significant $2 billion investment from Abu Dhabi-based MGX. Furthermore, growing adoption among Kraken users for decentralized finance (DeFi) and retail payments has strengthened the token’s presence. USD1 currently operates on Ethereum and BNB Chain networks, with plans to expand to additional blockchains via Chainlink’s cross-chain technology.
According to Binance, USD1 transfers in fiat USD will become available starting May 23, 2025, at 12:00 UTC, though this may shift depending on the final readiness of the withdrawal function.
The rise of WLFI has drawn political criticism, particularly from U.S. Democratic lawmakers who have raised concerns over the project’s connections to Trump. They argue that the initiative could be politically driven for personal advantage. In a recent rebuttal to Congress, WLFI dismissed the allegations as “deeply flawed.”
Despite ongoing political scrutiny, listing USD1 on Binance is likely to increase its global visibility and liquidity. Some industry analysts believe it could eventually rival leading stablecoins such as Tether (USDT), USD Coin (USDC), and Ripple’s RLUSD.
