Binance Lists BTC/USD1 Perpetual; USD1 Set as Primary Settlement

Binance will add a BTC/USD1 perpetual futures pair to its Futures section on May 18. The listing will allow profits, losses and Funding Rates on that contract to be settled in USD1 rather than in other settlement tokens.

Until now, USD1 on Binance was available only as secondary collateral to borrow USDT. Under the new listing the pair will operate like USDT-settled perpetuals, with trades and settlements denominated in USD1 and executed in real time on the exchange’s Futures platform.

Zach Witkoff, chief executive of World Liberty Financial, called the listing a “major milestone for $USD1 and the future of on-chain markets,” adding the launch is “another step toward making $USD1 a core settlement asset across global crypto trading.”

USD1 has been integrated with other trading and decentralized finance platforms, including MEXC, the Aster decentralized exchange, and the institutional platform Falcon. TownSquare, a cross-chain lending platform, announced it would deploy $100 million of USD1 to support on-chain yield. World Liberty Financial has also linked portions of its reward programs to USD1 and its WLFI token.

The USD1 token launched early last year. Supply peaked near $5.4 billion and has since fallen to about $4.5 billion, making USD1 the fifth-largest stablecoin by market capitalization, according to Coingecko. Network distribution shows roughly 40% of USD1 on BNB Chain, with the remainder concentrated on Ethereum and Solana. Year-on-year supply rose from roughly $2 billion to over $4 billion, an increase of about 100%, while the broader stablecoin market grew from about $240 billion to $317 billion, an increase of roughly 32% over the same period.

The BTC/USD1 perpetual will go live in Binance’s Futures section on May 18, enabling direct settlement in USD1 on one of the exchange’s major perpetual markets.