Binance, the world’s largest crypto exchange, continues to expand its asset listings by adding more trading pairs linked to the Trump family’s stablecoin.
The announcement on Thursday said the platform now supports World Liberty Financial’s USD1 stablecoin through fee-free trading pairs for major tokens such as Ether (ETH), Solana (SOL) and BNB, in addition to Bitcoin, which was available earlier.
Binance also announced that all collateral assets previously supporting the BUSD stablecoin will be converted to USD1 at a 1:1 ratio within a week.
The move is seen as a realignment of the exchange’s collateral structure, with USD1 becoming a key component of the Binance ecosystem.
USD1, which is backed by US Treasury bills, launched in March on the Ethereum and BNB Chain networks. The stablecoin has grown rapidly to become the seventh-largest stablecoin in the market, with a market capitalization of $2.7 billion.
The growth was also driven by Abu Dhabi investment firm MGX’s decision to choose USD1 as the instrument for a $2 billion investment into Binance in May.
However, after peaking at around $3 billion in late October, USD1 supply has reportedly declined slightly and no new issuances have been made in the past few months, according to CoinGecko data.
Binance’s expansion of support further solidifies USD1’s position in the market, while also adding to the spotlight on the stablecoin ecosystem associated with the Trump family.
