Binance Expands Trading With Trump-Linked World Liberty Financial's Stablecoin
Binance is overhauling its stablecoin infrastructure by replacing BUSD collateral with USD1, adding new trading pairs for the token.Summary
Crypto exchange Binance is significantly expanding the role of USD1, the stablecoin from the World Liberty Financial (WLFI) project, which has links to Donald Trump. Starting Thursday, Binance will introduce new trading pairs—BNB/USD1, ETH/USD1, and SOL/USD1—and will offer zero-fee exchange between USD1 and major stablecoins USDC and USDT. Crucially, Binance will convert all reserves supporting its BUSD-pegged token (B-Token) into USD1 over seven days, integrating USD1 into the collateral backing its internal systems, including margin trading. USD1 is fully backed by U.S. Treasury bills, cash, and equivalents, is redeemable 1:1 for dollars, and currently ranks sixth among stablecoins by market capitalization. This move follows a controversial pardon granted to Binance founder Changpeng "CZ" Zhao by Donald Trump in October.
(Source：CoinDesk)