According to the official statement, trading for the USD1/USDT pair will begin on May 22, 2025, at 12:00 UTC. Deposits are already available, and withdrawals will be enabled on May 23 at the same time. However, Binance has noted that the withdrawal launch time is approximate and subject to change.
It was also announced that USD1 will be listed on Binance without the standard listing fee — 0 BNB. The stablecoin maintains a 1:1 peg to the U.S. dollar and is issued by BitGo Trust Company, a U.S.-regulated entity. The token launched in April 2025. Its development and distribution are managed by the Miami-based fintech firm World Liberty Financial. According to CoinMarketCap, USD1 currently has a market capitalization of $2.13 billion, ranking fifth among dollar-backed stablecoins. Its 24-hour trading volume has surged by 472%.
Asset Structure and Portfolio Allocation
According to data from Arkham Intelligence, World Liberty Financial's total assets exceed $108 million. The main holdings include:
- 22.039 million USDC worth $22.040 million.
- 7,933 ETH valued at $20.850 million.
- 162.69 WBTC totaling $18.120 million.
- 5,003 STETH.
- 40.698 million TRX worth $11.030 million.
- 10 billion WHTTE valued at $5.440 million.
Jurisdictional Restrictions
USD1 trading will be unavailable to users from a number of countries. These include EU and EEA member states, the U.S. and its territories, as well as Iran, North Korea, Syria, Cuba, Crimea, and certain regions of Ukraine outside government control. Binance also reminded users that identity verification is required to participate in trading the new pair.
Additionally, Binance reserves the right to exclude users and transactions if system interference, use of bots, market manipulation, or so-called wash trades are detected. In case of discrepancies between different language versions of the announcement, the original English version shall prevail.
Connection to Trump-Linked Business
The token first became known in late March 2025. At that time, it was reported that a project linked to Donald Trump’s family, WLFI, was launching the USD1 stablecoin. According to the company, the initiative aims to combine the security of traditional finance with the flexibility of decentralized solutions.
WLFI co-founder Zach Witkoff stated that USD1 is backed by U.S. government securities, distinguishing it from algorithmic and anonymous projects that often lack credibility. According to him, USD1 offers DeFi users stability and a foundation in trusted financial instruments.
Although Binance does not consider USD1 a direct replacement for USDT or USDC, the exchange’s founder Changpeng Zhao emphasized the importance of “diversity in stable digital currencies.”
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
