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Cryptocurrency exchange Binance has announced the listing of a new fiat-backed stablecoin, World Liberty Financial USD (USD1). Spot trading for the USD1/USDT pair will begin on May 22, 2025, at 3:00 PM local time. Users can start depositing USD1 coins before the listing goes live. Withdrawal operations will be activated on May 23, starting at 3:00 PM.
No Listing Fee for USD1 on Binance
Binance highlights that there is no listing fee for USD1, a common decision for the exchange. One of the reasons behind this listing is USD1’s full compliance with U.S. regulations. Developed by World Liberty Financial, which is linked to the Trump family, the new stablecoin is designed to maintain a 1:1 peg with fiat currency. It is audited and managed by BitGo Trust Company, a licensed trust company based in South Dakota.
USD1 aims to strengthen the bridge between traditional finance and blockchain-based systems. According to the company, the stablecoin is designed to offer a faster, lower-cost alternative in digital transactions and is pegged to the U.S. dollar at a 1:1 ratio. In this aspect, it positions itself as a direct competitor to existing stablecoins like USDT, USDC, and PYUSD.
The Background and Goal of World Liberty Financial USD
The USD1 coin was launched in April, backed by Miami-based fintech company World Liberty Financial. The company’s mission is to make cryptocurrency transfers safer, more transparent, and accessible. Through its partnership with BitGo Trust Company, USD1 provides its users with both legal protection and reliable custodial services.
This new stablecoin developed by WLFI specifically targets U.S.-based institutional investors and payment infrastructure providers. The company plans to create a regulation-friendly ecosystem with this asset. Listing on a major platform like Binance is viewed as a crucial step for the global acceptance of USD1.
Initial signals indicate that investors approach this asset cautiously yet interestedly. Given the increasing competition in the stablecoin market, USD1’s success and impact are keenly monitored.
