Binance wallets and users control roughly 87% of the USD1 stablecoin circulating supply today.
USD1 integration expanded after CZ received a presidential pardon from Donald Trump.
A $2 billion USD1 transaction significantly boosted the stablecoin’s market visibility globally.
A growing concentration of a Trump-associated stablecoin inside Binance is raising fresh questions about the financial links between the world’s largest crypto exchange and the family-backed digital-asset venture World Liberty Financial, according to blockchain data reviewed by Forbes.
The exchange and its users currently hold about $4.7 billion worth of USD1, roughly 87% of the stablecoin’s total $5.4 billion supply, marking the highest single-exchange concentration among the top stablecoins by market capitalization.
A Timeline That Draws Scrutiny
The relationship between the comp…
Read The Full Article Binance Controls 87% of Trump-Linked USD1, Drawing Scrutiny On Coin Edition.