Binance Lists USD1 Stablecoin, Surpassing $2 Billion Market Cap Amidst Political Backlash

Binance has listed the USD1 stablecoin, a fiat-collateralized token backed by U.S. dollars, creating a surge in trading activity and market capitalization. According to CoinGecko, USD1’s market cap currently stands above $2 billion as of May 22, 2025, fueled by strong demand and the Binance listing. The coin’s price remains pegged at $1.00 with over $110 million in 24-hour trading volume.