#ArbitrageTradingStrategy 🚨 Bloomberg report links Binance to the Trump family's stablecoin.

It is reported that Binance helped create the USD1 stablecoin of World Liberty Financial (WLF), a company linked to Trump, and was key in a $2 billion transaction with it.

This raises concerns about a possible conflict of interest, just as a stablecoin law is being debated in the U.S. and former Binance CEO, CZ, seeks a presidential pardon.

Changpeng "CZ" Zhao, the founder of Binance, has responded strongly to the Bloomberg report linking him to the Trump family's stablecoin.

CZ called the article a "defamatory publication" full of errors, suggested it was sponsored by a competitor, and publicly threatened to sue Bloomberg again.

To provide context for his threat, he recalled a previous dispute in which the Chinese edition of Bloomberg had to apologize for a false headline about Binance accusing it of being a Ponzi scheme.