CZ shares rumors linking Coinbase to Bloomberg’s Trump stablecoin report

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.