A single wallet is holding up to 95% of the total supply of USD1 – a stablecoin linked to the Trump family.

According to data from Arkham, an independent wallet is currently holding an amount of USD1 worth up to 2 billion USD, accounting for about 95% of the total issuance, but the identity of the wallet owner has yet to be determined.

Previously, Eric Trump – the son of former President Donald Trump – stated that the USD1 stablecoin issued by World Liberty Financial has been chosen as the official stablecoin for MGX, a Abu Dhabi-based corporation's 2 billion USD investment in the Binance exchange.

MGX completed the investment deal with Binance earlier this year.