Binance Wallet has launched the Polymarket USD1 perpetual pair on its self-custodial platform, allowing traders to take directional bets on Polymarket trends with up to 3x leverage using USD1 as the settlement asset. The product enables users to use tokenized equities (bStocks) as collateral, addressing capital fragmentation in DeFi. This launch comes as prediction markets regain momentum, spurred by events such as the US election cycle and the upcoming Eurovision contest. The contract’s modest leverage suggests measured risk, while the use of USD1—a stablecoin from Liberty Financial—positions it as an alternative to Tether and USDC for settlement.
Binance Wallet has introduced the Polymarket USD1 perpetual pair on its Wallet Perpetuals platform, allowing self-custodial wallet users to gain directional exposure to Polymarket trends with up to 3x leverage. The product uses USD1—the first stablecoin from Liberty Financial—as the quote and settlement asset, offering a dollar alternative to Tether and USDC. Traders can access the pair via web3.binance.com without leaving the wallet.
The listing arrives as prediction markets regain momentum, driven by the US election cycle and the upcoming Eurovision contest, alongside sports betting and information finance stories. Through Binance Wallet, users can employ bStocks — the tokenized-equity product from Binance — as collateral via Multi-Assets Mode, which values eligible holdings at 90% of market value for margin accounting. This allows tokenized Apple or Tesla shares to be held while a USD1 perp position is open on Polymarket.
The facility aims to address capital fragmentation by cross-collateralizing tokenized real-world assets with on-chain derivatives, though it creates correlated liquidation risk in a bear market for equities. Polymarket, the dominant on-chain prediction market, has reached over $3 billion in all-time volume on Polygon, generating interest in hedging instruments beyond its own platform. For Binance, Wallet Perpetuals represents a strategic alternative to centralized perpetual swaps amid escalating regulatory scrutiny of offshore offerings.
The launch also signals continued support for USD1 liquidity across Binance products. Key metrics to watch include funding rates, open interest, and wallet-based perp flow relative to centralized venues.
