Hold onto your hats, crypto enthusiasts! Binance just dropped a bombshell—World Liberty Financial USD (USD1) is officially listed, and trading kicks off on May 22, 2025, at 12:00 UTC. Cue the fireworks and also, let’s be honest, some side-eye. The new trading pair? USD1/USDT. Because who doesn’t love a little stablecoin drama?
🛑 Trump Tariffs vs. Euro: The Fight of the Decade?
Discover how the EUR/USD pair could react to unprecedented pressure!
View Urgent ForecastSo what’s the deal with USD1? It’s backed by U.S. dollars stashed away in cash, short-term U.S. Treasuries, and deposits, all managed by the fine folks at BitGo Trust Company. It’s about as secure as that one drawer in your kitchen where you hide the candy you don’t want your kids to find. And while they’re a bit tight-lipped about some reserve details (mysterious, right?), don’t worry—they’re fully compliant with U.S. regulations, including those pesky AML and KYC rules. Oh, and they totally “get” privacy—just don’t ask too many questions.
Now, onto the juicy part: World Liberty Financial (WLFI), a fintech with ties to the big man himself, Donald Trump, has rolled out USD1 after a meteoric rise since its March 2025 debut. The company even calls Trump the “Chief Crypto Advocate.” His sons? Oh, they’re Web3 Ambassadors. Because why not throw them into the crypto mix too? The more, the merrier, right?
And here’s the kicker: in just three months, USD1’s market cap skyrocketed to $2.3 billion, making it the seventh-largest USD-backed stablecoin. All that success can be credited to a $2 billion investment from Abu Dhabi’s MGX, along with an increasing number of Kraken users flocking to retail payments and DeFi. If you’re not impressed yet, don’t worry—USD1 is planning to spread its wings to even more blockchains, thanks to Chainlink’s interoperability solution. This stablecoin is like the Beyoncé of crypto—unstoppable.
Transfers in USD will be live starting May 23, 2025, at 12:00 UTC—unless of course, they decide to delay it because, well, crypto is never without its drama. Timing is everything, folks. Timing.
But wait, not everyone is clapping. Some U.S. lawmakers (mainly those from the Democratic side) are raising an eyebrow at the political connections here. WLFI, however, has dismissed the criticism as “fundamentally flawed.” So… no big deal, right?
Here’s the bottom line: with USD1 now on Binance—the world’s largest exchange—this little stablecoin could be about to shake up the crypto world in a big way. Could it rival heavyweights like Tether (USDT) and USD Coin (USDC)? Stay tuned, folks, because this is just getting started.
Read More
2025-05-22 17:19