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Binance’s Role in Creating and Promoting WLFI’s USD1 Stablecoin Faces Controversy Amid CZ’s Rebuttal

2025-07-11 17:14:24

Binance’s Role in Creating and Promoting WLFI’s USD1 Stablecoin Faces Controversy Amid CZ’s Rebuttal

Main Idea

Binance played a key role in developing and promoting WLFI's USD1 stablecoin, but CZ has publicly disputed Bloomberg's report on the matter.

Key Points

1. A Bloomberg report on July 12 claimed Binance was instrumental in creating and marketing WLFI's USD1 stablecoin.

2. CZ, Binance's CEO, publicly disputed the accuracy of the Bloomberg article.

3. The report and rebuttal highlight ongoing scrutiny and discussions around Binance's involvement in stablecoin projects.

Description

On July 12, a Bloomberg report revealed that Binance was instrumental in developing and marketing the USD1 stablecoin for WLFI, contributing significantly to its largest recorded transaction prior to CZ’s

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