Trump-Backed USD1 Stablecoin Secures Binance Listing, Trading Volume Soars 31.9%

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of USD1. The move has triggered a double-digit surge in the stablecoin’s trading volume.

This US dollar-pegged stablecoin is developed by World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol backed by President Donald Trump and his family. 

Binance Announces USD1 Listing

According to Binance’s official announcement, USD1 will be available for trading against Tether (USDT).

“Binance will list World Liberty Financial USD (USD1) and open trading for the following spot trading pair at 2025-05-22 12:00 (UTC),” the exchange wrote.

Deposits for USD1 are now open on Binance, enabling users to prepare for trading. Withdrawals will be available starting on May 23 at 12:00 UTC, allowing users to withdraw their assets as the trading pair goes live.

Following the news, USD1’s trading volume surged from around $72 million to over $95 million at press time, marking a 31.9% increase. Moreover, CoinGecko data revealed that USD1’s trading volume has skyrocketed by 626.5% in the past 24 hours.

This Binance listing follows a recent development for USD1. Crypto exchange KuCoin also added it on May 21. The exchange launched spot trading for USD1 at 11:00 UTC, signaling growing interest in the stablecoin. 

“KuCoin is extremely proud to announce yet another great project coming to our Spot trading platform. USD1 (USD1) will be available on KuCoin!” the announcement read.

These exchange listings mark a significant milestone for USD1, which was only launched two months ago. Despite this, it has already achieved a market capitalization of over $2.1 billion, positioning itself as one of the fastest-growing stablecoins in the market. 

Meanwhile, BeInCrypto reported that World Liberty Financial is also planning to airdrop USD1 to its eligible WLFI holders. The airdrop proposal, posted on May 7, passed a week later with overwhelming support, as 6.8 billion users voted in favor of the airdrop. The team stated that full details of the airdrop will be announced shortly.

In addition to the exchange listings, WLFI’s USD1 has also gained significant traction due to its role in high-profile institutional transactions. Abu Dhabi-based investment firm MGX selected USD1 to settle a $2 billion investment in Binance. 

However, the stablecoin’s rapid rise has not come without scrutiny. Due to its political ties to the Trump family, several lawmakers have raised concerns about potential conflicts of interest. Despite these concerns, Binance’s endorsement signals strong market confidence in the stablecoin’s potential.