- Binance lists USD1 stablecoin from World Liberty Financial (WLFI) for spot trading today, May 22.
- USD1, linked to Donald Trump, hit $2.1B market cap; WLFI plans an airdrop for its token holders.
- USD1’s growth draws U.S. lawmaker scrutiny during ongoing stablecoin regulation debates
Binance has announced the listing of USD1, a U.S. dollar-pegged stablecoin issued by World Liberty Financial (WLFI), on its spot trading platform. Trading for the USD1/USDT pair is scheduled to kick off later today, at 12:00 UTC on May 22. This move comes hot on the heels of USD1’s debut on similar exchanges and marks a significant expansion for the stablecoin, which has already vaulted into the top ranks by market capitalization less than three months after its launch.
Withdrawal functions for USD1 on Binance are slated to go live at 20:00 Beijing time (12:00 UTC) on May 23. The Binance listing is a major step for USD1, which, according to CoinMarketCap data, has quickly amassed a market capitalization of over $2.1 billion, making it the seventh-largest stablecoin currently in circulation.
USD1 Trading on Binance: Launch Details and Rapid Market Ascent
Issued in March 2025 by WLFI, a Miami-based financial technology company, USD1 is structured as a fiat-backed stablecoin anchored 1:1 to the U.S. dollar. The reserves supporting the token include cash holdings, short-term U.S. Treasury securities, and U.S. dollar bank deposits. BitGo Trust Company, a U.S.-regulated entity, is responsible for issuing and managing the token.
Adding another layer to its rollout, WLFI is preparing to airdrop USD1 tokens to eligible holders of its WLFI token. According to a governance proposal published on May 7 and approved the following week, 6.8 billion votes were cast in favor of the airdrop. The company stated that details regarding eligibility and distribution will be provided in an upcoming announcement.
Political Headwinds: USD1’s Trump Connection Draws Lawmaker Attention
The token’s growth and the political affiliations of its backers have drawn attention from U.S. lawmakers. Senate Democrats have voiced concerns about WLFI’s ties to President Donald Trump, who holds the title of “Chief Crypto Advocate” at the firm. Trump’s sons have also been named as “Web3 Ambassadors.”
Related: Trump’s World Liberty Buys 3.64 Million EOS Tokens in $3M USDT Purchase
These political links are drawing attention particularly as discussions around comprehensive stablecoin regulation remain a hot topic in Washington, with legislative efforts like the GENIUS Act still pending approval. The GENIUS Act, recently advanced by the U.S. Senate, aims to establish a federal framework for stablecoins, covering reserves, audits, and compliance.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
