Binance Replaces BUSD with Trump-Associated USD1 as New Trading Pairs Launch
Binance's Expansion Strategy: Binance is enhancing its support for the USD1 stablecoin by introducing new no-fee trading pairs and replacing all BUSD collateral with USD1 as part of its broader expansion plan.
Growth of USD1: The USD1 stablecoin, backed by U.S. Treasury bills and co-founded by the Trump family, has rapidly gained traction, reaching a market cap of $2.7 billion, despite a recent decline in supply.
Regulatory Developments: Binance has received three licenses from the Abu Dhabi Global Market, strengthening its regulatory position and facilitating its expansion into the Middle East.
Impact of Trump's Pardon: The pardon of Binance CEO Changpeng Zhao by Donald Trump has renewed scrutiny and opened possibilities for Binance's re-entry into the U.S. market, potentially reshaping its global strategy.
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