The world’s largest digital assets exchange through trade volume may have played a greater role in the development of World Liberty Financial’s Stablecoin USD1 than previously known.
According to a Bloomberg report With reference to public sources, Binance wrote the code for the smart contract of USD1 Stablecoin from World Liberty Financial.
Once coded and promoted, Binance also made Stablecoin available for a transaction of $ 2 billion, completed in USD1. According to Bloomberg, approximately 90% of all USD1 is still in Binance-controlled portfolios.
USD1 was launched in March 2025. Two months later, during a Podcast interview, formerly Binance CEO Changpeng Zhao, which was convicted in 2023, confirmed for not maintaining the correct anti-money-in-loading standards at Binance and has already served a short prison punishment, he already has a short prison punishment, has already has a prison punishment, has already had a prison punishment, applied for a presidential grace.
The news strived for three American senators to write a letter to the White House to look for answers:
“We write to request information about reports that Changpeng ‘CZ’ Zhao, founder and majority owner of cryptocurrency Exchange Binance, is looking for a grace of President Trump.
Only weeks ago Binance, Emirati Firm MGX and World Liberty Financial (WLF) – a cryptocurrency company was financially connected to President Trump and his family – a $ 2 billion deal with USD1, WLF’s Stablecoin.
The convergence of the pardon application from Mr Zhao and the financial complications of Binance with the President’s family presents urgent concerns about the integrity of our legal system …
Although he resigned from his role If CEO, after being found guilty of these charges, Mr Zhao still has 90% of the company. “
According to a World Liberty Financial spokesperson, Bloomberg’s report is “actually shortage and designed to promote a political agenda.” A Binance spokesperson repeated that CZ is no longer the CEO of the Exchange.
World Liberty Financial is affiliated with Donald Trump, but apparently not checked by him and escapes any conflicts of interest with his presidential duties. Trump reportedly placed all his assets in a confidence that is checked by his oldest son.
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