A crypto exchange. A controversial president. A 2 billion stablecoin. And a whole lot of smoke. The internet’s most powerful money machine — Binance — is once again in the headlines. This time, it's not for token listings or regulatory drama, but for allegedly writing the original code for USD1 — a Trump-linked stablecoin minted by World Liberty Financial.
Yeah. That Trump.
The story dropped via Bloomberg like a political thriller: anonymous insiders claim Binance not only developed the backend for USD1 but may still be pulling the strings behind its market cap. Meanwhile, ex-Binance boss CZ (Changpeng Zhao) called cap, accusing the report of being “factually incorrect” and politically motivated.
No one’s dropped the receipts yet. But let’s get into the allegations, the smoke, and the speculation.
USD1 is a shiny new stablecoin allegedly backed 1:1 by U.S. dollars, treasuries, and fiat equivalents. It’s issued by BitGo Trust — a fully regulated trust company — and branded by World Liberty Financial, a company linked to Trump world. Think MAGA meets market cap.
Within days of its launch, USD1 was listed on Binance and ballooned to a 2 billion valuation. Bloomberg’s report claims Binance not only helped build it but might be actively managing its supply.
Even wilder? The Trump family might be collecting passive income from holdings on Binance, according to unnamed sources. If true, that would make this one of the most unexpected (and unregulated?) alliances in crypto history.
Bloomberg’s anonymous trio of insiders allege:
Binance denies it all. Hard. Former CEO CZ says the article is “full of errors” and smells like political warfare funded by haters and competitors. He also suggested a potential lawsuit for defamation.
Still, the timeline’s suspicious. USD1 launched. It gets instantly listed on Binance. It gains massive liquidity. Meme coins tied to Trump start flying. 32.8 million in transfers later, the rumors hit.
Adding fuel to the fire: CZ confirmed he filed a formal request for a presidential pardon — a fact that only makes these whispers of financial ties to Trump even louder.
Is this pure political theater? Or is the crypto world's most powerful ex-CEO trying to buy his way back into good standing with help from a familiar orange face?
Binance, for its part, is trying to keep it clean. “CZ doesn’t work here anymore,” reps say. World Liberty Financial called the entire article “biased” and refused to comment further.
Let’s not miss the forest for the FUD.
This isn’t just a scandal — it’s a case study in how crypto’s future is being shaped by billionaires, political dynasties, and shadow-code developers. The Trump-Binance rumors might be unproven (for now), but they underscore a chilling possibility:
Crypto’s next stablecoin king might not be a protocol… it might be a politician.
We’re watching the line blur between decentralized finance and centralized power plays. If USD1 becomes the de facto token for a political movement — or even a presidential campaign — that’s not just a financial innovation.
That’s a new kind of super PAC.
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