$BTC
Co-founder and former CEO of Binance Changpeng "CZ" Zhao once again shared a tweet claiming that Coinbase was an "anonymous" source behind the Bloomberg report focused on Trump’s crypto project, World Liberty Financial, and Binance.
The Bloomberg report claimed that Binance developed a smart contract for USD1, a stablecoin issued by World Liberty Financial, which is linked to former President Donald Trump.
The report also claimed that Zhao requested a presidential pardon shortly after USD1 was used in a $2 billion transaction that involved a fund investment from the UAE into Binance. It noted that more than 90% of USD1 tokens remain in Binance wallets, which could generate tens of millions in annual interest.
In a Sunday post on X, crypto commentator Matt Wallace claimed that Coinbase's leadership was concerned about the potential pardon for Zhao and Binance's return to the US market, which could threaten their market share and sparked efforts to undermine competitors.
"Binance is the world's number one in crypto exchanges," wrote Wallace, warning that Binance's return with full legal status could seriously harm Coinbase's business.
