Binance Lists World Liberty Financial’s USD1 Stablecoin: A Major Step for the Controversial Digital Dollar

Binance has announced it will list World Liberty Financial’s USD1 stablecoin on May 22, marking a significant milestone for the company and potentially impacting its market position. The listing is expected to increase USD1’s liquidity and visibility. USD1 operates with a 1:1 peg to the US dollar, backed by cash reserves, short-term U.S. Treasuries, and dollar deposits, and managed by BitGo Trust Company. It has already gained popularity, achieving a $2.1 billion market capitalization as of May. The listing on Binance could accelerate this growth significantly.