KEY TAKEAWAYS
- KuCoin lists USD1, a fiat-backed stablecoin, on its Spot trading platform, enhancing trading options with a USD1/USDT pair.
- USD1, launched by World Liberty Financial, is pegged 1:1 with the U.S. dollar and offers zero-fee minting and redemption.
- USD1’s reserves are audited quarterly and verified on-chain via Chainlink’s Proof of Reserves, ensuring transparency and trust.
- The stablecoin supports cross-chain transfers, boosting its utility for global payments and DeFi applications.
KuCoin has announced the listing of USD1, a fiat-backed stablecoin, on its Spot trading platform. The listing schedule includes immediate availability for deposits via the BSC-BEP20 network. Trading will commence at 11:00 UTC on May 21, 2025, following a call auction from 10:00 to 11:00 UTC on the same day. Withdrawals will be enabled from 10:00 UTC on May 22, 2025.
The trading pair for USD1 will be USD1/USDT. Additionally, KuCoin will offer various Trading Bots services for this pair, including Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend.
USD1: A Fiat-Backed Stablecoin
USD1 is a stablecoin pegged 1:1 with the U.S. dollar, launched by World Liberty Financial in April 2025. It is custodied by BitGo Trust Company and offers zero-fee minting and redemption. This feature aims to reduce friction between fiat and digital assets. Each USD1 token is fully backed by high-quality liquid cash equivalents, such as U.S. Treasury bills. The reserves are independently audited quarterly and verified on-chain through Chainlink’s Proof of Reserves.
USD1 facilitates seamless cross-chain transfers between Ethereum, BNB Chain, and other networks via Chainlink CCIP. This enhances its utility for global payments and decentralized finance (DeFi) applications. The stablecoin is designed to provide the stability and trust required for institutional adoption, bridging traditional finance with blockchain technology.
For more details, KuCoin’s official announcement can be found here.
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