CZ shares rumors linking Coinbase to Bloomberg’s Trump stablecoin report
2025-07-13 11:51:35
Main Idea
Binance founder CZ shared a tweet alleging Coinbase as the anonymous source behind Bloomberg’s report targeting Trump’s crypto project and Binance, while also disputing the report's accuracy.
Key Points
1. CZ reposted a tweet by Matt Wallace claiming Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US.
2. Bloomberg’s report alleged Binance developed the smart contract for USD1, a stablecoin linked to former President Trump, used in a $2 billion deal involving a UAE fund’s investment in Binance.
3. CZ called the Bloomberg article a 'hit piece' filled with factual errors and hinted at potential legal action for defamation.
4. CZ has been active post-release, advising Kyrgyzstan and Pakistan on blockchain and crypto-related regulation.
5. Over 90% of USD1 tokens reportedly remain in Binance wallets, according to the Bloomberg report.
Description
Binance founder CZ shared a tweet alleging Coinbase as the anonymous source behind Bloomberg’s report targeting Trump’s crypto project and Binance.
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