TL;DR
- Binance adds USD1 stablecoin trading pairs, boosting its spot market and liquidity access.
- It will convert all Binance-Peg BUSD collateral into USD1, centralizing its internal role.
- USD1’s $2.8B supply is backed by U.S. treasuries, with major issuance from Abu Dhabi’s MGX.
Binance expanded support for USD1, the stablecoin issued by World Liberty Financial, by enabling trading pairs that connect USD1 with BNB, ETH, SOL, and other high-volume assets. The exchange introduced the token into several active spot markets, giving users a broader set of entry points for dollar-denominated liquidity.
The move also includes a structural adjustment inside Binance. The exchange will convert all collateral linked to Binance-Peg BUSD (B-Token) into USD1 at a 1:1 ratio. The update strengthens USD1’s role in the collateral framework and positions the token as a central unit within internal liquidity systems. World Liberty said the integration reinforces market access for users who rely on stablecoins to move funds across trading venues.
Current supply of USD1 stands near $2.8 billion, according to DeFiLlama. A large share of issuance comes from MGX, an Abu Dhabi investment firm. MGX deployed USD1 earlier in the year to complete a $2 billion investment into Binance, using the stablecoin as the settlement instrument for the transaction.
A dollar-backed stablecoin gains broader exchange integration
World Liberty CEO Zach Witkoff said the expansion offers broader reach for USD1 holders. He noted that Binance brings dollar-based liquidity to hundreds of millions of users and that stablecoin access inside leading exchanges supports the adoption curve.
World Liberty Financial entered the market in March with USD1 backed by short-term U.S. government treasuries, dollar deposits and other cash-equivalent assets. The protocol lists Donald Trump and his three sons as co-founders. In October, Trump issued a pardon for former Binance CEO Changpeng Zhao, while Binance.US rejected claims that political considerations influenced prior listings.
The new integration places USD1 in a larger group of assets used for spot trading, collateral, and liquidity routing. It also signals how exchanges align with settlement instruments backed by traditional financial assets, as stablecoin demand grows across payment rails and trading venues.
