USD1 enters Binance Futures as a primary settlement stablecoin: Details
The post USD1 enters Binance Futures as a primary settlement stablecoin: Details appeared on BitcoinEthereumNews.com. The Trump family-linked stablecoin World Liberty Financial USD [USD1] has scored a major scaling milestone on the Binance exchange. On Thursday, the exchange announced that it will launch the BTC/USD1 pair in its Futures section from the 18th of May. According to Binance, the move would – Expand the list of trading choices and enhance users’ trading experience. Notably, this will be the first time WLFI’s USD1 is used as a direct settlement on the platform. Previously, it was only a secondary collateral option, meaning traders who held USD1 could only use it to borrow USDT. Now, profits, losses, and even Funding Rates will all be realized in USD1, just like typical USDT trade pairs. Commenting on the update, Zach Witkoff, WLFI CEO, said, Major milestone for $USD1 and the future of onchain markets. The launch of the USD1/BTC perpetual pair on Binance is another step t