Binance's holding of 87% of USD1, a stablecoin issued by World Liberty Financial, has raised eyebrows due to the Trump family's involvement. The stablecoin's total supply is $5.4 billion, with approximately $4.7 billion controlled by Binance. World Liberty Financial, which is 38% owned by a Trump-affiliated LLC, profits from investing USD1 reserves in assets like U.S. Treasuries, potentially adding $1 billion to Trump's net worth.
The situation is complex, with Binance promoting USD1, transferring $40 million in WLFI tokens, and the SEC dropping its case against Binance after listing USD1. Additionally, Trump pardoned Binance's founder, in 2025.
What do you think about Binance's role in USD1, and should regulators take a closer look?
WLFI
0.0555
-8.41%
USD1
1.0001
0.00%
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