Binance Expands USD1 Support: Zero-Fee Pairs, BUSD 1:1 Switch
Binance on Thursday expanded trading support for World Liberty Financial’s USD1 stablecoin, introducing zero-fee pairs for Ether (ETH), Solana (SOL) and BNB (BNB), alongside the existing Bitcoin (BTC) pair.
The exchange said it will also convert, within a week, all collateral assets backing its stablecoin, BUSD, into USD1 at a 1:1 ratio. Binance stated the change will make USD1 a core component of its updated collateral framework and deepen the stablecoin’s role in its ecosystem.
Wider USD1 support on Binance
Zach Witkoff, co-founder and CEO of World Liberty Financial, described the move as a significant step in WLFI’s effort to make U.S. dollar stablecoins broadly accessible.
USD1, backed by U.S. Treasury bills, launched on Ethereum and BNB Chain in March.
The token has become the seventh-largest stablecoin with a market capitalization of $2.7 billion, supported by Abu Dhabi–based investment firm MGX’s decision in May to use USD1 for a $2 billion investment in Binance.
However, there has been no new issuance of USD1 for several months, and its supply has edged down from a late-October peak of $3 billion, according to CoinGecko.
Trump pardoned Binance founder recently
President Donald Trump, a co-founder of World Liberty Financial along with his sons, granted a pardon to Binance founder Changpeng Zhao seven weeks ago.
Zhao received a four-month prison sentence in April 2024 after pleading guilty to failing to implement an adequate Anti-Money Laundering program at Binance.
Trump said he issued the pardon following broad support for Zhao, adding that many told him “what he did is not even a crime.”
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