Binance News: Kraken Seeks $1 Billion Debt Raise and Eyes 2026 IPO, While Trump’s WLFI Tests USD1 Stablecoin on BNB Chain

In the ever-evolving world of cryptocurrencies, major developments are constantly shaping the landscape. Here’s a round-up of some recent news that caught our attention.

Kraken Seeks $1B Debt Raise Ahead of 2026 IPO

Kraken is in talks with Goldman Sachs and JPMorgan to raise $1 billion in debt, with the potential amount varying between $200 million and $1 billion. The funds are intended for expansion, not for daily operations. The company is also considering raising equity alongside the debt, but all terms are still subject to change. Kraken, founded in 2011, plans to go public in the first quarter of 2026.

Trump’s WLFI Tests USD1 Stablecoin on BNB Chain: Binance Coin Rises

Binance Coin (BNB) price rose 3%, crossing the $635 level on Monday, amid growing anticipation around a new USD-backed stablecoin project, USD1, launched by Trump-backed World Liberty Financial (WLFI) on BNB Chain. The stablecoin is not currently tradable, but the project is developing an on-chain market for lending and borrowing. Rising trading volumes signaled heightened market interest in BNB.