Trump-linked World Liberty Financial's stablecoin, USD1, hit $5B in total circulation in January with 85% held in Binance accounts; Trump pardoned CZ in October
Ties between the exchange and the president's company, World Liberty Financial, have only strengthened since the president pardoned Binance's founder, Changpeng Zhao.
Trump-linked World Liberty Financial's stablecoin, USD1, hit $5B in total circulation in January with 85% held in Binance accounts; Trump pardoned CZ in October
Ties between the exchange and the president's company, World Liberty Financial, have only strengthened since the president pardoned Binance's founder, Changpeng Zhao.
The Trump family's World Liberty Financial says its entity World Liberty Trust applied for a US banking license, which would let it issue the USD1 stablecoin
Critics have said World Liberty and its stablecoin pose a major conflict of interest for President Trump
Sources detail how Binance boosted the Trump family's World Liberty Financial by facilitating a $2B purchase of USD1 and building its tech ahead of CZ's pardon
Giant crypto exchange facilitated $2 billion purchase of World Liberty's stablecoin and built its technology; clemency for Changpeng Zhao surprised some in administration
Sources: World Liberty Financial's partnership with Binance-run PancakeSwap is helping boost demand for USD1, generating profit for Trump, as CZ seeks a pardon
The under-the-radar trading platform is quietly administered by Binance, the world's largest crypto exchange, whose founder is seeking a pardon @AABerwick @kowsmann https://www.wsj.com/... https://www...
Sources: Binance wrote the smart contract for USD1, a stablecoin launched by Trump's World Liberty, and promoted it to its 275M users, before CZ sought a pardon
Bloomberg :
Trump's World Liberty Financial unveils USD1, a 1:1 USD-pegged stablecoin on Ethereum and Binance Smart Chain, with BitGo as custodian; its launch date is TBA
Trump-backed World Liberty Financial will issue stablecoin David Yaffe-Bellany / New York Times : Trump's Crypto Venture Introduces New Digital Currency Jason Shubnell / The Block : World Liberty Fina...