Binance, the world’s largest cryptocurrency exchange, has broadened its listings to include additional trading pairs linked to the Trump family–backed USD1 stablecoin.
On Thursday, the exchange announced expanded support for World Liberty Financial’s USD1 by introducing fee-free trading pairs for major cryptocurrencies—including Ether, Solana, and BNB—building on its existing Bitcoin pair.
Binance also revealed plans to convert all collateral assets backing its own stablecoin, BUSD, into USD1 at a 1:1 ratio within a week. “The transition means USD1 will become an integral part of Binance’s updated collateral structure, further embedding the stablecoin within the exchange’s ecosystem,” the company said.
Broader access to USD1 on Binance
Zach Witkoff, co-founder and CEO of World Liberty Financial, praised the expansion, calling it “an important moment in WLFI’s effort to make digital US dollar stablecoins available to people everywhere.”
Launched in March on Ethereum and BNB Chain, USD1 is backed by U.S. Treasury bills. It has grown to become the seventh-largest stablecoin, with a market capitalization of $2.7 billion—a rise fueled in part by Abu Dhabi–based investment firm MGX’s decision to use USD1 for a $2 billion investment in Binance in May.
Despite its growth, no new USD1 has been issued in recent months, and its supply has dipped slightly from its late-October peak of $3 billion, according to CoinGecko.
Trump recently pardoned Binance founder
President Donald Trump, who co-founded World Liberty Financial alongside his sons, issued a pardon to Binance founder Changpeng Zhao seven weeks ago.
Zhao had been sentenced to four months in prison in April 2024 after pleading guilty to failing to maintain an adequate Anti-Money Laundering (AML) program at Binance.
Trump said he granted the pardon after hearing support for Zhao from “a lot of people,” adding that many believed “what he did is not even a crime.”
