Binance cryptocurrency exchange will list World Liberty Financial’s USD1 and offer spot trading on May 22 at 12:00 (UTC). The firm also said users can now start depositing USD1 in preparation for trading.
The crypto exchange noted that it had incorporated BNB as a USD1 listing fee. Withdrawals for USD1 will also open on May 23 at 12:00 (UTC).
Binance cautioned that the withdrawal time is an estimated time for users’ reference. Users have been urged to view the actual withdrawal status on the firm’s withdrawal page.
Binance wants to list World Liberty Financial USD
World Liberty Financial (WLFI) launched USD1 in April 2025 as a fiat-backed digital asset designed to maintain a 1:1 equivalence with the U.S. dollar. The firm said USD1 aims to streamline digital transactions by providing seamless fungibility between fiat currency and digital assets.
The stablecoin is issued and legally managed by BitGo Trust Company, a South Dakota-based regulated trust entity, ensuring full compliance with U.S. regulatory standards.
At the time of publication, the stablecoin is exchanging hands at around 1.0018, a 0.09% increase in the last 24 hours. On-chain data also showed that Trump’s WLFI spent 25,011 USD1 to buy 636,961 billion just 8 hours ago.
As USD1 launches on Binance, it joins the stablecoin space where Tether, which is banked by Cantor Fitzgerald in the U.S., controls more than 60% of the stablecoin market. According to Deutsche Bank, stablecoin transactions hit $28 trillion last year, surpassing that of Mastercard and Visa combined.
Abu Dhabi’s MGX investment fund in March pledged $2 billion in USD1 to Binance , which was the company’s largest-ever investment made in a digital currency. Ahmed Yahia, managing director CEO at MGX , said the investment in Binance reflects their commitment to advancing blockchain’s transformative potential for digital finance.
Binance said standard trading fees apply, and users can refer to the VIP tier fee structure for more details. The crypto exchange also said it reserves the right to disqualify any participants who tamper with the Binance program code or interfere with the operation of the Binance program code with other software. The firm added that it reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk-registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
U.S. expects stablecoins to unlock trillions for U.S. Treasury
Trump’s top crypto and AI advisor, David Sacks, said on May 21 that the U.S. expects the stablecoin legislation moving through the Senate to pass with significant bipartisan support. He also claimed it could unlock demand for the U.S. Treasuries.
“We already have over $200 billion in stablecoins – it’s just unregulated. If we provide the legal clarity and legal framework for this, I think we could create trillions of dollars for demand for our Treasuries practically overnight, very quickly.”
-David Sacks, White House AI Crypto Czar.
The GENIUS Act, a bill to regulate stablecoins, cleared a key procedural vote in the Senate on Monday, two weeks after every Senate Democrat united to block it.
The bill passed the Senate with 66 votes against 32, with sixteen Democrats voting with the majority of Senate Republicans to advance the bill. Democrats previously rejected the bill in part on the concern that Trump’s personal digital asset ventures, including his own meme coin and the USD1 stablecoin from WLFI, created an unprecedented conflict of interest.
Republican Senator Rand Paul of Kentucky and Jerry Moran of Kansas voted against the GENIUS Act. The bill needed to pass the 60-vote threshold to advance to final passage in the Senate, where Republicans hold a three-seat majority.
Sacks said that the administration has every expectation that the bill is going to pass, though he didn’t answer a question about concerns from Democrats that there aren’t sufficient safeguards in place to keep the president and his family from profiting from the legislation. He also framed the GENIUS Act not just as a crypto breakthrough but as a national economic strategy with a more efficient, cheaper, and smoother payment system.
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