A Bloomberg report alleges Binance helped create and promote USD1, the stablecoin issued by US President Donald Trump’s family-backed World Liberty Financial (WLF). Binance reportedly wrote the foundational code and played a role in USD1’s largest transaction—a $2 billion investment into Binance by MGX. With 90% of USD1 reportedly remaining in Binance’s wallets, generating potential interest for the Trump family, this raises significant conflict of interest questions, especially as former Binance CEO CZ seeks a presidential pardon from Trump.
Report: Binance Aided Trump’s USD1 Stablecoin
