Regime Change: Binance Replaces BUSD Collateral with Trump-Linked USD1
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Binance has replaced BUSD with World Liberty Financial's USD1 as its new collateral, following a $2 billion investment from MGX. Spot trading for BNB, ETH, and SOL against USD1 has started with zero fees for VIP traders, pushing USD1's market cap to $2.8 billion.
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- Binance is deprecating Binance-peg BUSD as collateral, auto-converting all positions to World Liberty Financial’s USD1, effectively making the Trump-linked token its new liquidity backbone.
- The exchange opened spot trading for BNB, ETH, and SOL against USD1, incentivizing liquidity with zero fees for VIP traders.
- The move follows a $2 billion investment into Binance by Abu Dhabi’s MGX, settled entirely in USD1, which has pushed the token’s market cap to $2.8 billion.
Binance has executed a decisive pivot in its stablecoin strategy, integrating World Liberty Financial’s USD1 directly into its core trading and collateral frameworks. The move effectively retires the legacy of BUSD, once the exchange’s flagship stablecoin, and replaces it with the dollar-backed token co-founded by President Donald Trump and his sons.
Beginning at 08:00 UTC, Binance users gained a…
Read The Full Article Regime Change: Binance Replaces BUSD Collateral with Trump-Linked USD1 On Coin Edition.
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Coins
$ 1.79K
-3.06%
$ 614.46
-4.69%
$ 70.91
-4.48%
$ 0.99972
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$ 70.57
-5.12%
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In This News
Coins
$ 1.79K
-3.06%$ 614.46
-4.69%$ 70.91
-4.48%$ 0.99972
+0.02%$ 70.57
-5.12%Predictions Markets
See what traders are focused on
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