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Binance Integrates USD1 Into Collateral Structure After New Trading Pair Rollout
Binance, the world’s largest crypto exchange, is deepening its integration of the Trump family–linked USD1 stablecoin by adding new fee-free trading pairs and restructuring its collateral system around the token.
More USD1 Trading Pairs for Major Cryptocurrencies
The exchange announced Thursday that it has expanded support for World Liberty Financial’s USD1 by rolling out zero-fee trading pairs for key assets, including Ether (ETH), Solana (SOL) and BNB (BNB). These pairs join USD1’s existing listing alongside Bitcoin (BTC), bringing more liquidity and accessibility to the stablecoin across Binance’s ecosystem.
In a significant internal shift, Binance also revealed that it will convert all collateral assets backing its BUSD stablecoin into USD1 at a 1:1 ratio within a week. According to the exchange, this transition means USD1 will become an integral part of Binance’s updated collateral structure, further embedding the token into its platform.
A Boost for USD1 Adoption
Zach Witkoff, co-founder and CEO of World Liberty Financial, praised the expansion, calling it an important milestone in the push to make digital U.S. dollar stablecoins available globally.
Launched in March on Ethereum and BNB Chain, USD1 is backed by U.S. Treasury bills and has quickly risen to become the seventh-largest stablecoin, with a market cap of $2.7 billion. Growth was strongly supported by Abu Dhabi’s investment firm MGX, which used USD1 for a $2 billion investment into Binance in May.
However, CoinGecko data shows no new USD1 issuance for months, with supply slipping slightly from its $3 billion peak in late October.
Political Ties and a Presidential Pardon
USD1’s profile has been further elevated by its political connections: President Donald Trump and his sons are co-founders of World Liberty Financial. Just seven weeks ago, Trump pardoned Binance founder Changpeng Zhao, who had been sentenced to four months in prison in April 2024 after pleading guilty to failing to implement an adequate AML program at the exchange.
Trump said he issued the pardon after hearing support from “a lot of people” who insisted “what he did is not even a crime.”
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