According to CNBC, Binance CEO Richard Teng has denied accusations that the exchange helped promote Trump-related stablecoins before CZ was granted a presidential pardon.
According to reports, the controversy stems from Binance's $2 billion investment from Abu Dhabi investment firm MGX, which was settled using USD1, a stablecoin created by World Liberty Financial, a Trump family cryptocurrency firm. Binance's subsequent listing of USD1 on its exchange helped boost the usage and credibility of the stablecoin.
In an interview, Teng said that using USD1 for trading was MGX's decision, and Binance was not involved in that decision. He stressed that USD1 had been listed on other exchanges before Binance, and Binance was regularly working with promising new projects.
Binance CEO Denies "Promoting Trump Cryptocurrency Project Before CZ Received Presidential Pardon"
2025-11-04 08:42:37
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