Binance has confirmed the listing of the new stablecoin World Liberty Financial USD (USD1), which will commence trading on May 22, 2025. The token is already available on other platforms.
Launch of USD1 Trading on Binance
Trading of USD1 on Binance will start on May 22, 2025, at 12:00 UTC with the USD1/USDT trading pair. The stablecoin is already listed on exchanges like KuCoin.
Properties and Backing of USD1
USD1 is backed by cash dollars, short-term U.S. Treasury bonds, and dollar deposits managed by BitGo Trust. It complies with all relevant U.S. regulations, including AML and KYC.
Opinions and Potential Issues with USD1
Despite its success, USD1 faces scrutiny from lawmakers, particularly regarding political ties. WLFI dismissed the criticism as "fundamentally flawed."
The listing of USD1 on Binance may enhance the token's liquidity and visibility in the market, but lawmakers continue to discuss potential risks associated with political interference.
