Recent reports have placed Binance at the center of a controversy surrounding the USD1 stablecoin linked to the Trump family, launched in March 2025. Discussion arose following Bloomberg’s reports of Binance's role in the token’s development and promotion.
Allegations Against Binance
Reports suggest that Binance allegedly assisted World Liberty Financial (WLFI) with the technical foundation and promotion of the USD1 stablecoin. In response to these allegations, former Binance CEO Changpeng Zhao rebuffed them, labeling them as inaccurate.
Binance's Response and WLFI Token Status
Following the release of news regarding the USD1 stablecoin, Binance not only denied the claims but emphasized that they had a significant market impact. This resulted in notable volatility for WLFI tokens. Donald Trump, former President of the United States, stated that his income from the crypto business amounted to $57.4 million.
Regulatory Scrutiny and Political Ties
Due to the allegations against Binance, there is increasing scrutiny towards the USD1 stablecoin and its political connections. Data indicates that WLFI has declined in price by 9.09% over the last 90 days, despite a recent price surge following the report. Interest in the token's future trading status continues to rise.
The situation surrounding Binance and the USD1 stablecoin raises important questions about the interactions between politics and the crypto industry, which could have far-reaching consequences for regulatory mechanisms and trust in digital assets.
