According to @ZachWitkoff, USD1, a next-generation stablecoin backed by U.S. Treasuries, is now live on Binance, the world’s largest cryptocurrency exchange. This development is significant for traders as USD1 aims to provide robust price stability and increased liquidity for USD-denominated trading pairs. Its backing by U.S. Treasuries could attract institutional investors seeking lower-risk crypto exposure, while its availability on Binance ensures high accessibility and deep market depth. The expansion of dollar access and support for the unbanked may drive increased trading volumes and cross-border activity, strengthening USD1’s adoption and potentially impacting the stablecoin market landscape. Source: @ZachWitkoff via Twitter, May 22, 2025.