#Binance wrote code for the Trump family's crypto project — Bloomberg

➡️ According to Bloomberg, Binance helped create the stablecoin #USD1 , which is owned by the Trump family's company — World Liberty Financial. With it, a $2 billion deal took place in the spring of 2025, resulting in MGX from the UAE acquiring a stake in Binance.

90% of USD1 is still stored in the exchange's wallets.

After this deal, Binance's relations with US regulators noticeably improved.

Binance founder Changpeng Zhao intends to ask President Trump for a pardon, as he admitted guilt in a money laundering case.

Critics call the situation unprecedented, pointing to a conflict of interest: Trump is the only one who can sign the pardon. The White House did not provide comments.