Binance Lists Trump-Linked USD1 Stablecoin with Regional Restrictions
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of USD1, a stablecoin issued by World Liberty Financial (WLFI), a DeFi venture linked to the Donald Trump family. Trading for the USD1/USDT pair began immediately on May 22, with deposits enabled at launch and withdrawals set to open on May 23. The listing, however, comes with notable geographic restrictions, reflecting regulatory considerations or strategic targeting. This move underscores Binance’s continued expansion into politically and financially significant digital assets, while also highlighting the growing intersection between cryptocurrency and mainstream political figures. The USD1 stablecoin’s affiliation with the Trump family could attract both supporters and critics, potentially influencing its adoption and market performance. As stablecoins gain prominence in global finance, this development may signal further convergence of traditional political influence and decentralized finance (DeFi) ecosystems.
Binance Lists Trump-Linked USD1 Stablecoin with Regional Restrictions
Binance, the world’s largest cryptocurrency exchange by volume, has announced the listing of USD1, a stablecoin issued by World Liberty Financial (WLFI) - a DeFi venture affiliated with the Donald Trump family. Trading for the USD1/USDT pair commenced immediately upon the May 22 announcement, with deposits enabled immediately and withdrawals scheduled to open May 23.
The listing comes with significant geographic limitations. Users in the European Economic Area, Canada, parts of Ukraine, the United States, and US territories including Puerto Rico are barred from trading the new stablecoin. This selective availability underscores the complex regulatory landscape surrounding digital assets.
Despite these restrictions, the USD1 listing represents a notable expansion of Binance’s stablecoin offerings. The MOVE signals continued institutional interest in dollar-pegged digital assets, even as regulatory scrutiny intensifies globally. Market observers will be watching closely to see if other exchanges follow Binance’s lead in adopting politically-connected stablecoins.
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