#cztrump Binance linked to Trump’s USD1 stablecoin
Bloomberg’s report alleged that Binance developed the smart contract for USD1, a stablecoin issued by World Liberty Financial, linked to former President Donald Trump.
The report also claimed Zhao applied for a presidential pardon shortly after USD1 was used in a $2 billion deal involving a UAE fund’s investment in Binance. It noted that over 90% of USD1 tokens remain in Binance wallets, potentially generating tens of millions in annual interest revenue