Binance May Be Involved in Trump-Linked USD1 Stablecoin Project Amid $2B Investment Deal
2025-07-12 02:25:45
Main Idea
Binance is reportedly involved in a Trump-backed USD1 stablecoin project by World Liberty Financial, with significant implications for the stablecoin market and regulatory landscape.
Key Points
1. Binance plays a strategic role in the creation and promotion of the USD1 stablecoin, launched by Trump-backed World Liberty Financial (WLF).
2. Nearly 90% of the USD1 stablecoin supply is held in Binance wallets, highlighting its central role in the project.
3. The project emerges amid U.S. regulatory developments, including the GENIUS Act, which could impact stablecoin policies.
4. Market reactions suggest the USD1 project reflects the growing intersection of cryptocurrency, politics, and investor confidence.
5. The article also mentions unrelated cryptocurrency news, such as Bitcoin's price surge and institutional interest in Bitcoin ETFs.
Description
Binance has reportedly played a pivotal role in the development and promotion of USD1, a stablecoin linked to former U.S. President Donald Trump and his family, amid a substantial $2
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