🇺🇸 Binance Supported Development of Trump-Linked Stablecoin USD1 — Bloomberg

According to Bloomberg, Binance played a behind-the-scenes role in helping World Liberty Financial, a firm connected to the Trump family, develop the base code for the USD1 stablecoin. 👀

🔹 USD1 was used in a $2B transaction in spring 2025, when UAE-based MGX fund acquired a stake in Binance.
🔹 More than 90% of USD1 remains on Binance wallets, generating interest income.
🔹 Although Binance promoted the token to its users, the company has not officially acknowledged its involvement in development — describing its role as part of a "standard listing procedure."