Binance added more trading pairs for World Liberty Financial’s USD1 stablecoin, including ETH, SOL, and BNB, alongside BTC. Collateral assets for BUSD will convert to USD1 at a 1:1 ratio, integrating the stablecoin into Binance’s ecosystem.
USD1, backed by US Treasury bills, is now the seventh-largest stablecoin with a $2.7 billion market cap. Despite a $2 billion investment in Binance using USD1, there hasn’t been new issuance in months, and the supply has slightly decreased from its peak.
President Donald Trump, a co-founder of World Liberty Financial, recently pardoned Binance founder Changpeng Zhao. Zhao was sentenced to prison in 2024 for inadequate AML measures at Binance, with Trump stating that many people believed Zhao’s actions were not criminal.
Read more at Cointelegraph: Binance Expands Trump-Linked USD1 Stablecoin Integrations
