The cryptocurrency exchange Binance is the largest holder of the USD1 stablecoin linked to Donald Trump. At present, the exchange and its users hold about $4.7 billion worth of USD1, which accounts for approximately 87% of the stablecoin’s total supply of $5.4 billion. This is the highest concentration level among the largest stablecoins by market capitalization.

The growth of USD1 was driven by an application from World Liberty Financial to establish a trust bank, filed with the U.S. Office of the Comptroller of the Currency (OCC). If the application is approved, the company will be able to issue, redeem, convert, and custody USD1 under federal supervision.

According to Folkman, users will be able to link their USD1 stablecoins and the World Liberty Financial app directly to Apple Pay. The debit card is expected to complement the upcoming application.

The WLFI token was launched on September 1. Binance's listing announcement states that customers will be able to trade WLFI tokens in WLFI/BTC, WLFI/USDT, WLFI/USD pairs, as well as any other digital assets on Binance Convert with zero fees. Withdrawals will be available to WLFI holders from 13:00 (UTC) on September 2.

The largest U.S. crypto exchange, Coinbase, is preparing to launch trading of the USD1 stablecoin, issued by the Trump family–owned crypto lending platform World Liberty Financial.