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World’s Largest Crypto Exchange by Trading Volume Binance Adds Support for Trump-Linked World Liberty Financial Stablecoin

cryptonews100_tggfrn by cryptonews100_tggfrn
May 23, 2025
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World’s Largest Crypto Exchange by Trading Volume Binance Adds Support for Trump-Linked World Liberty Financial Stablecoin
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The world’s largest crypto trade by buying and selling quantity is including help for an asset linked with President Donald Trump’s new decentralized finance challenge, World Liberty Financial (WLFI).

In a brand new announcement, Binance says it is going to add help for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset supervisor BitGo.

“Binance is happy to announce that World Liberty Financial USD (USD1) might be added to Binance Easy Earn, ‘Purchase Crypto,’ Binance Convert, and Binance Margin [on May 22nd].”

USD1, which was designed to maintain a 1:1 peg to the US greenback, launched in March and just lately formed a partnership with the decentralized oracle supplier Chainlink (LINK), permitting it to be seamlessly transferred over quite a few blockchains.

The collaboration permits the stablecoin for use over Chainlink’s Cross-Chain Interoperability Protocol (CCIP), an interoperability protocol launched in 2023, inflicting the crypto asset to surpass $2 billion in market capitalization.

As said by WLFI co-founder Zach Witkoff in a press launch,

“WLFI’s partnership with Chainlink will speed up and enhance USD1’s utility for cross-border funds and can end in actually helpful functions throughout DeFi and conventional finance. We’re making a complete platform for a dramatically improved monetary future by constructing atop a rock-solid basis.”

At time of writing, USD1 has a market cap of $2.1 billion whereas LINK is valued at $16.82, a 4.4% improve over the last 24 hours.

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