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Binance Adds Trump-Backed USD1 Stablecoin to Platform

Coin WorldThursday, May 22, 2025 2:47 pm ET

1min read

Binance, the world’s largest crypto exchange by trading volume, has announced its support for World Liberty Financial USD (USD1), a stablecoin linked to President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI).

According to the announcement, USD1 will be integrated into several of Binance’s services, including Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin, effective from May 22nd. USD1 is a dollar-pegged digital asset managed by the crypto asset manager BitGo, designed to maintain a 1:1 peg to the US dollar.

Launched in March, USD1 has recently formed a partnership with Chainlink (LINK), a decentralized oracle provider. This collaboration allows USD1 to be seamlessly transferred across numerous blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), an interoperability protocol launched in 2023. This partnership has contributed to USD1 surpassing $2 billion in market capitalization.

Zach Witkoff, co-founder of WLFI, highlighted the significance of this partnership in a press release, stating, “WLFI’s partnership with Chainlink will accelerate and improve USD1’s utility for cross-border payments and will result in truly useful applications across DeFi and traditional finance. We’re creating a comprehensive platform for a dramatically improved financial future by building atop a rock-solid foundation.”

This development underscores Binance’s commitment to expanding its support for a diverse range of digital assets, including those with significant political and financial backing. The integration of USD1 into Binance’s ecosystem is expected to enhance its utility and accessibility, potentially attracting a broader user base interested in stablecoins and decentralized finance solutions.

The collaboration between WLFI and Chainlink is particularly noteworthy, as it leverages Chainlink’s advanced interoperability protocol to facilitate seamless cross-chain transactions. This interoperability is crucial for the growth and adoption of stablecoins, as it enables users to transfer assets across different blockchain networks without friction.

Overall, the addition of USD1 to Binance’s platform represents a strategic move that aligns with the growing trend of integrating stablecoins into mainstream financial services. This development is likely to have a positive impact on the adoption and usage of USD1, as well as the broader decentralized finance ecosystem.

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