Binance doesn’t change its core systems often.
So when it does, it’s worth paying attention.
The exchange has expanded trading support for USD1, the Trump family–linked stablecoin, by adding new zero-fee trading pairs and replacing BUSD as a core collateral asset across its platform.
Users can now trade USD1 against Ether, Solana, and BNB, in addition to the existing Bitcoin pair. All of these trades come with zero fees.
At the same time, Binance confirmed it will convert all remaining BUSD collateral into USD1 at a 1:1 rate. The transition is expected to be completed within seven days.
This move effectively retires BUSD from Binance’s internal framework and positions USD1 as its primary dollar-pegged collateral.
The timing isn’t random.
USD1 has grown quickly since launching in March. The stablecoin now holds a $2.7 billion market cap and is being integrated directly into Binance’s margin trading and internal liquidity operations.
USD1 is issued by World Liberty Financial and is fully backed by U.S. Treasury bills, cash, and cash equivalents. It’s redeemable one-to-one for dollars and runs on both Ethereum and BNB Chain. By market size, it’s already the seventh-largest stablecoin.
Binance is also making it easier for traders to move between major stablecoins.
The exchange introduced fee-free conversions between USD1, USDT, and USDC, giving traders direct access without added costs. That instantly plugs USD1 into some of Binance’s most active trading pairs.
World Liberty Financial CEO Zach Witkoff called the integration a major milestone, noting that USD1 is gaining access to Binance’s massive global user base just months after launch.
A key moment in USD1’s rise came in May.
Abu Dhabi investment firm MGX deployed $2 billion using USD1 on Binance. That single transaction boosted liquidity and helped push the stablecoin rapidly up the rankings.
Since then, supply has leveled off. USD1 briefly touched a $3 billion market cap in late October, and no new tokens have been minted in recent months. Even so, its valuation remains close to $2.7 billion.
There’s also a political dimension.
World Liberty Financial was co-founded by Donald Trump and his sons, giving USD1 a level of public and regulatory attention that few stablecoins attract.
That spotlight intensified after Binance founder Changpeng Zhao received a presidential pardon from Trump seven weeks ago. Zhao had been sentenced in April 2024 to four months in prison related to AML control failures. The pardon removed restrictions on his involvement in Binance, allowing him to fully return to decision-making.
Legal experts say the move restores Zhao’s influence across Binance’s ecosystem, which currently holds around $8.7 billion in on-chain assets.
Zooming out, the strategy is clear.
Binance isn’t just listing USD1. It’s rebuilding its collateral system around it. By retiring BUSD, adding zero-fee pairs, and embedding USD1 into core trading infrastructure, Binance is signaling long-term commitment.
Combined with new licenses in Abu Dhabi covering exchange, clearing, and broker-dealer services, the move raises a bigger question.
Is USD1 just another stablecoin on Binance?
Or is it about to become one of the exchange’s most important pillars?
