However, the listing comes with notable geographic restrictions. In its announcement, Binance clarified that the stablecoin trading will be limited based on user region.
The firm explained that individuals in the European Economic Area, Canada, parts of Ukraine, the United States, and US territories like Puerto Rico are currently ineligible to trade USD1.
The Binance listing adds to a wave of growing interest in the USD1 stablecoin.
Moreover, WLFI has accelerated efforts to integrate USD1 across decentralized finance ecosystems through various strategic partnerships.
“Our mission is simple: empower 1.4B unbanked people and hundreds of millions underbanked with access to modern financial tools—while strengthening U.S. dollar dominance globally through stablecoins backed by US Treasuries. This is the future of finance— borderless, dollar backed, and open to all.”
USD1 is pegged 1:1 with the US dollar and aims to simplify digital payments by enabling seamless conversions between fiat currency and digital assets.
Data from CryptoSlate shows that USD1 has achieved a market capitalization of $2.14 billion, placing it among the top five stablecoins by market cap.
