Scandal or Strategy? $USD1 of Trump Hits Binance with a Trading Volume of $110 Million USD

According to CN, USD1 is now available on Binance and has now been added to the USD1/USDT market on May 22, 2025, at 12:00 UTC. The stablecoin is currently priced at $1.00, is still pegged to the US dollar, and is boasting a 24-hour trading volume of over $110 million, according to CoinGecko. The withdrawal is expected to start on May 23, 2025, at 12:00 UTC, if network conditions permit. Binance USD, backed by $1 billion, reflects Binance's interest in the dollar-pegged cryptocurrency supported by America, stemming from the growing demand in the market for such assets. Adding USD1 to the exchange will increase the liquidity and market accessibility of this token. The listing occurs when the market capitalization of USD1 is fluctuating at over 2.1 billion dollars and is one of the top stablecoins in the world. Stablecoin USD1 Witnessing Strong Growth and Strong Market Performance USD1 was launched in March 2025 as a stablecoin backed by fiat currency supported by the US dollar at a 1:1 ratio and issued by World Liberty Financial. The authorization email stated, "As of May 22, 2025, USD1 is trading at $1.00 with a 24-hour trading volume of over $110 million and a market capitalization of over $2.14 billion, according to CoinGecko." This makes it the seventh largest stablecoin by market capitalization. A strong legal framework, with BitGo Trust as the custodian, and the increasing adoption of fiat on-and-off-ramping all contribute to the growing trust in the market and the acceptance of traditional financial markets worldwide. Cross-Chain Integration and Breakthrough Technology The USD1 Support and Roadmap has been rolled out on Ethereum and Binance Smart Chain (BNB Chain) and is planned to be rolled out on other blockchain networks. Most recently, USD1 was fully CCIP compliant after integrating with Chainlink's (CCIP) Cross-Chain Interaction Protocol, further enhancing its ability to operate across multiple ecosystems. This integration enhances trading efficiency to address the cross-chain security issues that stablecoin users are most concerned about. This decision aligns with USD1's efforts to boost institutional confidence, clarify regulations, and improve network resilience. Political Entities and Governance Concerns 1 USD is provided by World Liberty Financial, a company believed to be linked to former President of America Donald Trump. The company's involvement in a $2 billion deal with MGX, a fund backed by the UAE, to hold shares in Binance has raised warnings about conflicts of interest and ethical risks. Analysts and critics point out that the Trump family's optimistic approach to cryptocurrency projects, despite limitations on some projects, such as 1 USD, is likely to shape regulatory regimes in ways that hinder openness and exacerbate governance concerns. Emotions in the Community and Rumors on Social Media USD1 is being discussed by the community on Reddit and X (formerly Twitter). Fans also pointed out the rapid growth and listing on Binance, as well as strong support through BitGo Trust, as a confirmation for an alternative solution to the more established stablecoins. But skeptics are cautious, considering the political connections and the need for transparency that is deeply regulated. As of May 22, 2025, USD1 is pegged at $1.00 and has been linked to a market capitalization of over $2.14 billion, which not only demonstrates its appeal but also shows the skepticism surrounding it.

Conclusion The listing of USD1 on Binance is a significant achievement for the fiat-backed stablecoin of World Liberty Financial, which has garnered considerable interest in the digital asset space. With a market capitalization of over 2.14 billion USD and a direct trading value of 1.00 USD as of May 22, 2025, USD1 is making waves for its multi-chain integration and compliance with Chainlink CCIP. But with the connection to influential political figures and continuous legal pressure, this company has become a big question mark for investors and the market who desire more transparency and legal certainty from the company.