Binance Lists USD1 Stablecoin Tied to Trump, Sparks Political Uproar

Binance has listed USD1, a stablecoin issued by World Liberty Financial (WLFI), on its spot trading platform. The listing has stirred political concerns due to WLFI’s close ties with U.S. President Donald Trump.

Trading for the USD1/USDT pair began at 12:00 UTC on May 22, making Binance the latest major exchange to support the token. USD1 has developed quickly since its introduction in March 2025 and now occupies a market capitalization of more than $2.1 billion, making it the seventh-biggest stablecoin.

Each token is worth exactly one U.S. dollar and is backed by cash, U.S. government bonds, and dollar-based bank balances. BitGo Trust Company, a U.S.-regulated trust, oversees the issuance and management of USD1.

The stablecoin withdrawal feature will work on Binance at 12:00 UTC on May 23. Once this is done, the token is fully included in all of Binance’s programs and services.

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Trump’s Role in WLFI Raises Questions in Washington

What sets USD1 apart from other stablecoins is not just its financial structure but also its political backing. WLFI has publicly named President Donald Trump as its “Chief Crypto Advocate,” while his sons serve as the company’s “Web3 Ambassadors.”

These affiliations have triggered reactions from lawmakers, particularly Senate Democrats, who call for more scrutiny. This report comes as Congress policymakers actively consider rules for stablecoins.

At present, the Senate is considering the GENIUS Act, which would set up new rules for holding and reviewing stablecoin reserves. Because WLFI is linked to political leaders, there is an increased demand for more openness in the organization.

WLFI Plans Airdrop Amid Political Noise

To boost engagement, WLFI is preparing an airdrop of USD1 tokens to holders of its WLFI token. The move follows a governance proposal that received 6.8 billion votes in favor of the airdrop.

Although details about who is eligible have not been made public, the company has promised to explain in detail later. The airdrop action will help the token reach a larger user community.

Not merely a stablecoin on Binance, USD1 has also exposed the political element of the crypto world. Donald Trump’s involvement and rising rules have turned USD1 into something much more, drawing political attention.

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