10 December 2025
Binance will list World Liberty Financial’s USD22 stablecoin on May 1, marking a major milestone for the controversial digital dollar alternative. USD22 will begin trading on May 12 at 00:1 UTC, followed by withdrawals the following day. USD1 is a fiat-backed stablecoin designed to maintain a 1:1 peg to the US dollar. The token was launched in March by World Liberty Financial, a Miami-based fintech company closely associated with Donald Trump and his family.
The stablecoin is backed by cash, short-term US Treasuries and dollar deposits. Its issuance and management are handled by BitGo Trust Company, a regulated trust entity in the US. Reserve audits are frequent, but detailed breakdowns remain private.
Listing on Binance could significantly increase USD1’s liquidity and visibility. Previously listed on exchanges like KuCoin, USD1 has quickly climbed to seventh place among stablecoins by market cap, with over $2,1 billion in value as of May.
This rapid rise has been made possible by institutional backing, including a $2 billion investment deal with Abu Dhabi-based MGX. Additionally, its adoption is growing across retail payments and decentralized finance platforms. USD1 currently operates on the Ethereum and BNB chains, with plans to expand to other networks via Chainlink’s cross-chain protocol.
USD1 has ambitions to become a serious competitor to leading stablecoins like Tether (USDT) and USD Coin (USDC). With features like fee-free minting and institutional-grade custodial services, it offers an attractive alternative. However, the rise of this stablecoin has not been without controversy.
US lawmakers, particularly Democratic senators, are concerned about the Trump family's close ties to WLFI. Donald Trump serves as 'Chief Crypto Advocate’ and his sons are ‘Web3 Ambassadors’. With stablecoin regulation, including the proposed GENIUS Act, still a hot topic, critics point to potential conflicts of interest.
Despite the political pressure, WLFI maintains that USD1 is fully compliant with U.S. regulations, including anti-money laundering and know-your-customer standards. A recent legal response to a congressional investigation dismissed the concerns as “fundamentally flawed.” As USD1 prepares to debut on the world’s largest crypto exchange, all eyes will be on whether the momentum can continue.
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What exactly is USD1?
USD1 is a fiat-backed stablecoin designed to peg its value to the US dollar. It combines traditional values with modern technology, perfect for today’s digital economy.
Who controls USD1?
The stablecoin is issued and managed by BitGo Trust Company, a regulated trust entity in the United States, which ensures that the assets are properly managed.
Why is the listing on Binance important?
Listing on Binance could significantly increase USD1's visibility and liquidity, making it more attractive for users to trade this stablecoin.
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