The world’s largest cryptocurrency exchange by trading volume, Binance, recently announced its support for the stablecoin associated with Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). As part of this initiative, Binance will integrate World Liberty Financial USD (USD1) into its platform. The management of this stablecoin will be handled by the crypto asset manager BitGo.
USD1 Binance Listing
Launched in March, World Liberty Financial USD1 is designed to be pegged 1:1 to the US dollar. With Binance’s new support, USD1 will become available for use in Simple Earn, “Buy Crypto,” Binance Convert, and Margin trading. Additionally, the usability of the stablecoin in decentralized finance applications will be expanded.
Binance officials have stated that they will support USD1 across various platform features as of “May 22,” aiming to integrate the stablecoin more deeply into users’ crypto asset routines. This initiative is intended to minimize the technical barriers users face when transacting with USD1.
Chainlink Collaboration
Recently, USD1 entered into a new collaboration with decentralized oracle provider Chainlink 
$13. Through the Interoperability Protocol (CCIP) launched by Chainlink in 2023, USD1 can be seamlessly transferred across multiple chains.
This technical infrastructure enhancement increases USD1’s application possibilities while paving the way for improved liquidity and ease of transfer.
WLFI co-founder Zach Witkoff stated, “WLFI’s partnership with Chainlink will accelerate USD1’s usefulness in cross-border payments and enable genuinely beneficial applications between decentralized and traditional finance. With a comprehensive platform built on a solid foundation, we will achieve significant development in the financial sector.”
Why USD1 Matters
At the time of writing, USD1’s market valuation is reported to be approximately $2.1 billion. Meanwhile, Chainlink’s (LINK) unit price rose by 4.4% in the last 24 hours, now trading at $16.82.
Experts note that Binance’s move enhances the diversity of stablecoins on its platform while expanding transaction alternatives for users. The ease of transfer across various networks also facilitates broader adoption within the crypto ecosystem.
While the USD1 stablecoin, backed indirectly by the Trump brand, had a good start, if volume figures do not reach desired levels, pair listings may remain limited. Especially for US clients, this stablecoin might become more favored due to the perceived Trump endorsement. Surpassing the 2 billion-dollar circulation supply threshold is significant.
The collaboration between Binance and USD1 stands out as a significant innovation for both decentralized finance applications and users’ practical everyday transactions. The technical link established with Chainlink supports cross-chain compatibility, potentially enabling the stablecoin to reach a broader user base.
