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Binance Lists World Liberty Financial USD1 Stablecoin May 22
Generated by AI AgentCoin World
Thursday, May 22, 2025 1:38 am ET1min read
Binance has announced the listing of
USD (USD1), a fiat-backed stablecoin designed to maintain a 1:1 parity with the US dollar. The trading for the USD1/USDT pair will commence on May 22, 2025, at 12:00 UTC. Deposits for USD1 are already open, with withdrawals scheduled to begin on May 23. This stablecoin adheres to US regulatory standards enforced by BitGo Trust Company, ensuring compliance and stability.This move by Binance signifies a strategic expansion into the stablecoin market, providing users with a reliable and regulated asset for trading and transactions. The USD1 stablecoin is backed by fiat currency, which means it is designed to minimize price volatility, making it a suitable option for users seeking stability in their crypto holdings. The adherence to US regulatory standards further enhances the credibility and trustworthiness of the USD1 stablecoin, positioning it as a competitive option in the stablecoin market.
The listing of USD1 on Binance is expected to attract a wide range of users, from individual traders to institutional investors, who are looking for a stable and regulated asset to hedge against market volatility. The stablecoin market has seen significant growth in recent years, driven by the increasing demand for stable assets in the crypto ecosystem. The introduction of USD1 by World Liberty Financial and its listing on Binance is a testament to the growing importance of stablecoins in the crypto market.
In summary, Binance's decision to list World Liberty Financial USD (USD1) and enable trading for the USD1/USDT pair starting from May 22, 2025, at 12:00 UTC, marks a significant development in the stablecoin market. The USD1 stablecoin, backed by fiat currency and adhering to US regulatory standards, offers users a reliable and regulated asset for trading and transactions. This move is expected to attract a wide range of users and further solidify Binance's position as a leading crypto exchange.
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