Bitrue Introduces USD1 Stablecoin Trading Pair
In an exciting move for cryptocurrency traders, the crypto exchange Bitrue has unveiled a new base trading pair featuring World Liberty Financial’s USD1 stablecoin, which is notably associated with former President Donald Trump. This announcement, detailed in a press release to crypto.news, allows users to trade a selection of ten major cryptocurrencies directly against USD1 starting today.
Supported Cryptocurrencies
The cryptocurrencies included in this trading initiative are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Solana (SOL)
- TRON (TRX)
- XDC Network (XDC)
- Cardano (ADA)
- Binance Coin (BNB)
- Dogecoin (DOGE)
- Sui (SUI)
Bitrue’s Commitment to Innovation
As stated by Adam O’Neill, Bitrue’s Chief Marketing Officer, the introduction of USD1 as a base trading pair underscores Bitrue’s commitment to adopting cutting-edge technologies in the evolving digital finance landscape. The platform also plans to broaden its trading pairs based on user input, thereby enhancing trader options.
Additional Trading Features
In addition to the new pairings, USD1 can now be exchanged for Tether (USDT) as well, facilitating seamless transactions for users looking to swap between two of the most significant stablecoins in the market.
Governance Token and Staking Opportunities
Bitrue is also preparing to list the governance token WLFI from World Liberty Financial, which will provide staking features via Bitrue’s Power Piggy service. This allows users to earn rewards on their holdings, contributing to the development of passive income streams.
Market Growth and Integration
The addition of USD1 on Bitrue represents a substantial growth opportunity for the stablecoin, which is already gaining traction across other platforms like PancakeSwap, KuCoin, Bitget, MEXC, Gate.io, Binance, and Bybit. Furthermore, USD1 benefits from integration with Alchemy Pay, a prominent crypto payment processor, enabling purchases in 173 nations through common fiat payment methods such as Visa, Mastercard, Apple Pay, Google Pay, and bank transfers.
USD1’s Market Position
Since its launch in April and managed by BitGo Trust Company—a U.S.-regulated custody provider—USD1 has rapidly ascended in the market, now ranking as the fifth-largest stablecoin with a market valuation of approximately $2.2 billion, according to CoinMarketCap. Its structure is designed to uphold a 1:1 parity with the U.S. dollar, being fully collateralized by U.S. government securities.
