{"id":45965,"date":"2025-07-12T12:00:09","date_gmt":"2025-07-12T09:00:09","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=45965"},"modified":"2025-07-12T11:36:20","modified_gmt":"2025-07-12T08:36:20","slug":"binance-trump-usd1-stablecoin-allegations","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-trump-usd1-stablecoin-allegations\/","title":{"rendered":"Binance and Trump USD1 Stablecoin Allegations Emerge!"},"content":{"rendered":"

A new report in the crypto market has turned attention to Binance and the Trump-linked USD1<\/strong> stablecoin. Bloomberg\u2019s<\/strong> latest article claims that Binance wrote the code for the Trump-connected USD1 stablecoin. According to the report, the exchange not only provided technical support but also managed the process, controlled the coin\u2019s value, and generated income for the Trump family. These allegations mark a new era of political influence debates in the crypto world.<\/span>\u00a0<\/span><\/p>\n

Although the information in the report has not been directly confirmed by primary sources, it is based on three anonymous insiders. Binance\u2019s founder Changpeng Zhao (CZ)<\/strong> strongly denied the accusations and announced he is considering a defamation lawsuit. However, his statement did not directly refute any of the technical details mentioned in the report.<\/span>\u00a0<\/span><\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • How Deep is the Connection Between Binance and USD1?\u00a0<\/a><\/li>
  • Allegations Continue, Parties Remain Silent\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>How Deep is the Connection Between Binance and USD1?<\/span>\u00a0<\/span><\/span><\/h2>\n

    There is no documented concrete partnership between Binance and Trump yet. However, the report emphasizes that their link is not superficial. For example, USD1 quickly reached a $2 billion market cap<\/strong>, while its circulating supply remained extremely limited. This suggests that the majority of the stablecoin is controlled by specific actors.<\/span>\u00a0<\/span><\/p>\n

    Analysis in Bloomberg\u2019s article<\/strong> claims that a significant portion of this supply is still held by Binance, and market manipulation occurs through buying and selling activities. Moreover, the process reportedly provides steady income to the Trump family<\/strong>, creating a financial interest. Binance founder Changpeng \u201cCZ\u201d Zhao reacted to the news here:<\/span>\u00a0<\/span><\/p>\n

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    4. FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don't even know where to begin.<\/p>\n

    Might have to sue them again for defamation. https:\/\/t.co\/FevGMArHj8<\/a><\/p>\n

    — CZ \ud83d\udd36 BNB (@cz_binance) July 11, 2025<\/a><\/p><\/blockquote>\n