🗣️ The Binance exchange helped the World Liberty Financial team, associated with the Trump family, develop the underlying code for the stablecoin USD1
USD1 was used in a deal in the spring of 2025 worth $2 billion when the MGX fund from the UAE acquired a stake in Binance. Over 90% of the issued USD1 is still held in Binance wallets and generates income in the form of interest.
Binance also promoted USD1 among its users, but officially did not acknowledge its involvement in the development, calling the participation a "standard listing procedure."
