Binance CEO Changpeng Zhao (CZ) has publicly challenged a Bloomberg report alleging the exchange’s significant role in developing and promoting WLFI’s USD1 stablecoin.
According to Bloomberg’s coverage, Binance played an instrumental part in creating and marketing the USD1 stablecoin project under WLFI. The report suggested Binance’s deep involvement in technical foundations and promotional strategies surrounding the asset.
CZ countered these claims through social media channels, disputing the accuracy of Bloomberg’s portrayal of Binance’s participation. This rebuttal underscores persistent market scrutiny regarding Binance’s connections to stablecoin initiatives.
The public disagreement highlights ongoing tensions between crypto exchanges and media reporting on emerging digital assets, particularly concerning disclosure levels around stablecoin projects.