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Investing.com -- Cryptocurrency exchange Bitrue has launched USD1 from World Liberty Financial as a base trading pair on its spot exchange, the company announced Tuesday.
An initial batch of 10 pairs is now live, with more pairs planned for the future. The exchange will also add WLFI for trading and staking when it becomes available.
Assets currently tradable directly with USD1 include BTC, ETH, XRP, SOL, TRX, XDC, ADA, BNB, DOGE, and SUI. USD1 itself is also available for trading paired with USDT.
"As an exchange operating since 2018 we’ve been anticipating formal regulations to be implemented for the better part of a decade, and now that the Trump family increasingly has skin in the game we’re fully expecting to see developments in this area sooner rather than later," Adam O’Neill, Chief Marketing Officer at Bitrue, told Investing.com.
We are thrilled to throw our weight behind USD1 which we believe will be a key factor in driving these advancements over the next few years."
World Liberty Financial is a new organization with close ties to the Trump family, with Donald Jr. and Eric Trump holding management roles. The company has launched two tokens - USD1, a stablecoin pegged to the United States Dollar, and WLFI, a governance token.
USD1 has gained significant traction among investors, reportedly surpassing Circle’s USDC in trading volume with over $4 billion traded daily. The stablecoin is fully backed 1:1 with real-world assets and operates across multiple blockchains including Ethereum, Binance Chain, and Tron.