Binance launches USD1 stablecoin and opens USD1/USDT trading pairs

According to Binance's announcement, Binance officially launched the USD1 stablecoin issued by World Liberty Financial on May 22nd at 20:00 (Beijing time), and opened the USD1/USDT spot trading pair. USD1 is hosted by BitGo and anchored 1:1 to the US dollar, aiming to improve the circulation efficiency between fiat currencies and digital assets. The USD1 withdrawal function will be available on May 23rd at 20:00.