The post Binance Drives USD1 Stablecoin Entry appeared on BitcoinEthereumNews.com.

Major cryptocurrency exchange Binance has announced the inclusion of a new stablecoin, known as World Liberty Financial USD (USD1), onto its platform. This fiat-backed currency will be available for spot trading with the USDT pair starting May 22, 2025. Before trading begins, users have the opportunity to deposit USD1 coins, while withdrawals will commence a day later on May 23. Why Is USD1 Listed Without a Fee?What Motivates World Liberty Financial? Why Is USD1 Listed Without a Fee? USD1 will be listed on Binance without a fee, which is a typical policy for the exchange. This decision is partly attributed to USD1’s compliance with U.S. regulatory standards. Developed by World Liberty Financial, which is notably connected to the Trump family, USD1 pledges a 1:1 ratio with the U.S. dollar. Oversight and management are provided by BitGo Trust Company, a licensed entity situated in South Dakota. With the introduction of USD1, there’s a concerted push to facilitate a smoother interface between conventional financial systems and blockchain technologies. The company claims that their stablecoin offers quicker and more cost-effective transaction options. USD1 is strategically positioned to compete directly with other market players such as USDT, USDC, and PYUSD. What Motivates World Liberty Financial? Launched in April, World Liberty Financial backed USD1 aims to enhance the safety, transparency, and accessibility of cryptocurrency exchanges. In collaboration with BitGo Trust Company, USD1 offers users legal assurance and sound custodial services. Targeting primarily U.S. institutional investors and those involved in payment processing, World Liberty Financial has its sights set on creating a regulation-friendly atmosphere for digital assets. Securing a listing on Binance is considered pivotal for USD1’s acceptance globally. Early feedback suggests that investors are interested but cautious about this new asset. As the competition in the stablecoin arena escalates, stakeholders are closely watching USD1 to…

---

Filed under: News - @ May 22, 2025 11:24 am