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cryptonews 2025-12-12 05:12:13

Binance Adds New Trading Pairs for Trump Family’s USD1 Stablecoin

Binance has widened access to the Trump family–linked USD1 stablecoin, adding new fee-free trading pairs as the token gains a larger foothold on the exchange. Key Takeaways: Binance expanded USD1 trading with new zero-fee pairs and will fully replace BUSD collateral with USD1. USD1 has rapidly grown to a $2.7B market cap, backed by US Treasuries and supported by major Abu Dhabi investment flows. The token’s rise comes amid renewed political attention and Binance’s regulatory gains in Abu Dhabi. The company confirmed on Thursday that users can now trade USD1 against Ether, Solana and BNB, joining its existing Bitcoin pair. Binance Retires BUSD, Makes USD1 Its Primary Collateral Asset The move deepens Binance’s integration of USD1 and comes as the exchange will convert all remaining BUSD collateral into USD1 at a one-to-one rate within a week. The decision effectively retires BUSD from Binance’s internal structure and positions USD1 as its primary dollar-pegged asset for collateral use. Binance said the conversion reflects a broader update to its collateral framework, describing USD1 as “an integral part” of the exchange’s ecosystem going forward. World Liberty Financial CEO Zach Witkoff welcomed the expansion, calling it a milestone for a stablecoin that launched only in March. USD1, backed by U.S. Treasury bills and issued on Ethereum and BNB Chain, has climbed to the seventh-largest stablecoin with a market value of $2.7 billion. Its rapid ascent was boosted in May when Abu Dhabi investment firm MGX deployed USD1 for a $2 billion investment on Binance. USD1 is integrating with the world’s largest exchange @binance to expand the global adoption of USD1 @worldlibertyfi See the press release below https://t.co/8INMRIH45d — Zach Witkoff (@ZachWitkoff) December 11, 2025 Despite early momentum, supply has dipped slightly from its $3 billion peak in late October, with no new tokens minted for several months, according to CoinGecko data. World Liberty Financial was co-founded by President Donald Trump and his sons, giving USD1 an unusually political profile in the stablecoin market. The involvement drew further attention after Trump pardoned Binance founder Changpeng Zhao seven weeks ago. Zhao had been sentenced to four months in prison in April 2024 for failing to implement adequate anti-money laundering controls at the exchange. Trump later said he issued the pardon after hearing broad support for Zhao and insisting the offense “is not even a crime.” The move also comes as Binance has secured three new licences in Abu Dhabi , tightening its grip on one of the most ambitious digital asset hubs in the Middle East and giving the exchange a powerful regulatory base as it pushes to keep institutional money on side. The Financial Services Regulatory Authority of Abu Dhabi Global Market has approved Binance.com to operate through a trio of regulated entities that together cover exchange, clearing and broker dealer activities. Binance Eyes US Comeback After Trump Pardons Founder Changpeng Zhao Binance is reportedly exploring ways to re-enter the US market following Trump’s pardon of CZ. The exchange is weighing options such as merging its US affiliate with its global platform or allowing its main exchange to serve American users directly. Zhao’s pardon, granted after his 2023 guilty plea for anti–money laundering violations, has reignited scrutiny amid Binance’s $2 billion deal with Trump’s family-backed crypto venture, World Liberty Financial. The clemency removes prior legal barriers that had restricted his involvement in Binance operations. Legal experts say the move effectively reinstates Zhao’s ability to engage in business decisions, giving the company’s leadership a major boost as it eyes renewed US access. Zhao, whose net worth stands at $61.4 billion, remains one of the most powerful figures in crypto, overseeing an ecosystem with $8.7 billion in on-chain assets. The pardon comes as Trump continues to court the digital asset industry, with his family reportedly earning over $1 billion from crypto ventures . The post Binance Adds New Trading Pairs for Trump Family’s USD1 Stablecoin appeared first on Cryptonews .

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