Binance Developed Code for Trump-Backed USD1 Stablecoin Before CZ’s Pardon Bid
2025-07-11 11:03:42
Main Idea
Binance developed the smart contract code for the Trump-backed USD1 stablecoin, which played a key role in a $2 billion UAE investment deal, while Binance founder Changpeng Zhao's pardon bid and ties to Trump have drawn scrutiny.
Key Points
1. Binance developed the smart contract code for the USD1 stablecoin backed by the Trump family’s World Liberty.
2. The USD1 stablecoin was used in a $2 billion deal where UAE-based MGX purchased a stake in Binance.
3. Binance promoted USD1 to its 275 million users, though no confirmation exists on payments for this support.
4. Binance founder Changpeng Zhao’s pardon bid and his meeting with Trump appointee Steve Witkoff have raised criticism.
5. Trump’s family-backed crypto ventures have generated significant revenue, with USD1 aiming to facilitate cross-border transactions.
Description
Binance, the world’s largest digital-asset exchange, played a critical role in developing the USD1 stablecoin launched by the Trump family’s World Liberty Financial Inc. Key Takeaways: Binance developed the smart contract code for the Trump-backed USD1 stablecoin. Over 90% of USD1 tokens remain in Binance wallets, generating significant interest income for the Trump family. Binance founder Changpeng Zhao’s pardon bid raises concerns. Binance wrote the smart contract code governing USD1, enabling...
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