Binance News: WLFI Launches USD1 Stablecoin and Circle’s USDC Gains Approval in Japan

In the world of cryptocurrency, two significant developments have recently caught the attention of investors and enthusiasts. First, World Liberty Financial (WLFI), the decentralized finance (DeFi) platform associated with President Donald Trump, has unveiled a new stablecoin called USD1. Second, Circle’s USDC stablecoin has been approved for use in Japan, expanding its reach and usability.

World Liberty Financial Unveils USD1 Stablecoin

World Liberty Financial (WLFI), President Donald Trump’s decentralized finance (DeFi) platform, has launched a new stablecoin called USD1. Pegged to the US dollar, the token is now live on the Ethereum (ETH) and Binance blockchains. The news was reported by Fortune and shared by Changpeng Zhao, the former CEO of Binance, on social media, prompting WLFI to implicitly confirm its legitimacy.

Circle’s USDC Approved for Use in Japan

Circle’s USDC has become the first stablecoin approved for use in Japan. The approval follows a strategic joint venture between Circle and SBI Holdings, a major Japanese financial conglomerate. SBI VC Trade, a cryptocurrency exchange under SBI Holdings, will launch USDC trading on March 26, 2025. Other exchanges, including Binance Japan, Bitbank, and BitFlyer, are expected to follow suit. The approval comes after SBI VC Trade secured regulatory clearance from the Japan Financial Services Agency (JFSA) on March 4, 2025.