Overview
- Binance listed new spot pairs BNB/USD1, ETH/USD1 and SOL/USD1 on Thursday, expanding USD1 markets on the exchange.
- The exchange will convert all reserves backing its BUSD‑pegged token into USD1 at a 1:1 ratio within seven days, bringing USD1 into margin and internal liquidity collateral.
- Users can swap between USD1 and USDC or USDT without fees, a feature announced alongside the new listings.
- World Liberty Financial says USD1 is backed by U.S. Treasury bills, cash and equivalents, with market data showing about a $2.7 billion market cap after a late‑October peak near $3 billion and little recent issuance reported.
- Reporting links the integration to heightened political attention following a $2 billion MGX investment settled in USD1 and President Trump’s October pardon of Binance founder Changpeng Zhao.