Binance Controls 87% of Trump-Linked USD1, Drawing Scrutiny
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- 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.
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Bitcoin whales just moved $4.7B dollars into cold storage while regular investors are busy panic selling the dip
CZ Dismisses Centralization Fears Amid Scrutiny Over Binance’s Grip on USD1 Stablecoin
Binance Controls 87% of Trump-Linked USD1, Drawing Scrutiny
Share:
- 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.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Bitcoin whales just moved $4.7B dollars into cold storage while regular investors are busy panic selling the dip