Binance Deepens Shift to USD1
Anthropic Revealed as $10B Buyer and Musk Calls DOGE Only ‘Somewhat Successful’
Binance Deepens Shift to USD1
Binance is broadening the role of USD1, the dollar-backed stablecoin issued by World Liberty Financial, a project with well-known links to the Trump family. The exchange is introducing new trading pairs — BNB/USD1, ETH/USD1 and SOL/USD1 — and enabling zero-fee swaps between USD1 and the major stablecoins USDC and USDT.
Alongside the rollout, Binance will replace the collateral reserves behind its BUSD-pegged B-Token with USD1. The conversion is expected to finish within a week, after which USD1 will be integrated across Binance’s internal systems, including margin trading and liquidity operations.
USD1 is backed by U.S. Treasury bills, cash and equivalents, and can be redeemed 1:1 for dollars. With a market cap around $2.7 billion, it ranks among the largest stablecoins. The token drew attention earlier this year when Abu Dhabi’s MGX settled a $2 billion investment in Binance using USD1.
The shift comes shortly after President Trump pardoned Binance founder Changpeng Zhao, a move that intensified scrutiny of the administration’s crypto ties.
Start your free month of Crypto Talk Pro
If one of these insights helps you size a position better, avoid a rug, or rotate into strength earlier, the subscription pays for itself. Get the full context, not just the teaser.
