{"id":162507,"date":"2025-07-12T18:00:43","date_gmt":"2025-07-12T15:00:43","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=162507"},"modified":"2025-07-12T16:36:59","modified_gmt":"2025-07-12T13:36:59","slug":"report-claims-that-binance-played-a-foundational-role-in-the-creation-of-trump-related-stablecoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/report-claims-that-binance-played-a-foundational-role-in-the-creation-of-trump-related-stablecoin\/","title":{"rendered":"Report Claims That Binance Played a Foundational Role in the Creation of Trump Related StableCoin"},"content":{"rendered":"<p>Former Binance CEO Changpeng Zhao allegedly backed a Trump-affiliated stablecoin while seeking a U.S. presidential pardon. According to a July 11 Bloomberg <strong><a href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-07-11\/trump-s-crypto-link-with-binance-raises-conflict-of-interest-questions\" target=\"_blank\" rel=\"nofollow\">report<\/a><\/strong>, Zhao\u2019s political maneuvering may have overlapped with Binance\u2019s deeper involvement in pro-Trump crypto ventures.<\/p>\n<h2>Binance created code for Trump-backed stablecoin<\/h2>\n<p>Sources say Binance engineers built the smart contract for USD1, a stablecoin issued by World Liberty Financial. That firm has direct ties to President Donald Trump. The token played a key role in enabling a $2 billion investment from UAE-based MGX into Binance.<\/p>\n<p>Almost 90% of USD1\u2019s total supply currently sits in Binance-controlled wallets, blockchain data confirms. The token\u2019s official documents suggest Trump\u2019s family could collect $30 million per year in interest income from the coin\u2019s reserve assets.<\/p>\n<h2>Zhao sought pardon amid private Trump connections<\/h2>\n<p>While helping projects linked to Trump, Zhao allegedly pushed for a pardon behind closed doors. Sources told Bloomberg the pardon request was personal and not disclosed in public filings. Binance, distancing itself from the matter, stated that the USD1 listing followed routine procedure and Zhao\u2019s pardon plea had nothing to do with the firm.<\/p>\n<p>Two insiders also claimed Zhao met World Liberty co-founder Steve Witkoff at a crypto event in Abu Dhabi in December 2024. However, someone close to Witkoff denied that the meeting happened.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/most-trending-cryptocurrencies-on-coingecko-after-bitcoins-new-ath\/\" title=\"Most Trending Cryptocurrencies on CoinGecko After Bitcoin\u2019s New ATH\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-analytics-crypto-altcoins-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Most Trending Cryptocurrencies on CoinGecko After Bitcoin\u2019s New ATH<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<h2>Trump crypto projects boost his fortune<\/h2>\n<p>Trump-affiliated crypto ventures have reportedly added $620 million to his fortune in recent months. These efforts reflect growing links between digital assets and high-level political figures ahead of the 2024 election cycle.<\/p>\n<p>Zhao, awaiting sentencing, now faces heightened scrutiny. His actions\u2014both legal and political\u2014continue to ripple across crypto markets and Washington alike.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Changpeng Zhao, the former CEO of Binance, reportedly supported crypto projects linked to the Trump family while privately seeking a presidential pardon, according to a July 11 report by Bloomberg News.<\/p>\n","protected":false},"author":7,"featured_media":35378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[71],"class_list":["post-162507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Report Claims That Binance Played a Foundational Role 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