Altcoins News
By Evie Vavasseur
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Binance.US Defends Listing Process. According to Binance.US, USD1 went through the same compliance and evaluation procedures as any…
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What Is USD1 and Why It Matters. USD1 is a fiat-backed stablecoin pegged to the U.S. dollar and issued by World Liberty Financial —…
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Political Fallout and Public Reaction. The timing of the USD1 listing — just days after Trump pardoned Zhao — fueled speculation that…
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The Regulatory Landscape Ahead. The controversy underscores the increasingly political nature of the U.S.
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Industry Reactions and Outlook. Crypto commentators remain divided over the implications of the USD1 listing.
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Binance.US has firmly denied allegations that its recent listing of USD1 — a stablecoin issued by World Liberty Financial — was influenced by political considerations or tied to…
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The controversy began after U.S. Senator Chris Murphy accused Binance.US of using its platform to promote “Trump crypto.
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In a post on X (formerly Twitter), Murphy alleged that Binance’s actions “rewarded Trump for pardoning a crypto criminal” and criticized the former president for “endorsing…
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However, Binance.US has dismissed the claims as “entirely unfounded,” saying the USD1 listing process had started long before any pardon was issued.
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According to Binance.US, USD1 went through the same compliance and evaluation procedures as any other digital asset before being approved for listing.
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The company also pointed out that USD1 and its related governance token, WLFI, are available on several other regulated platforms in the United States, including Coinbase,…
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“USD1 is a legitimate digital dollar asset that meets our technical and compliance requirements,” the statement continued.
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USD1 is a fiat-backed stablecoin pegged to the U.S. dollar and issued by World Liberty Financial — a company that has recently gained media attention due to its proximity to…
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With a market capitalization of approximately $2.97 billion, USD1 has become the sixth-largest stablecoin in circulation, according to CoinMarketCap data.
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World Liberty Financial has previously expressed support for expanding the U.S. digital asset industry, aligning with Trump’s campaign promises to “make America the crypto…
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