World Liberty Financial and Binance expand integration of USD1 stablecoin
Updated
Updated · Public Citizen · Apr 28
World Liberty Financial and Binance expand integration of USD1 stablecoin
11 articles · Updated · Public Citizen · Apr 28
Binance now holds 84% of the $4.25 billion USD1 stablecoin, with major stakes owned by Donald Trump and his family, and a 49% share held by a UAE-backed fund.
Recent promotions by both firms incentivize users to keep USD1 on Binance, further increasing concentration and revenue for stakeholders including the Trumps and Witkoffs, while raising concerns over conflicts of interest and regulatory oversight.
The partnership deepens despite ongoing U.S. investigations into Binance's sanctions violations involving Iran, and as Trump’s administration rolls back crypto enforcement, highlighting potential constitutional and foreign policy risks.
How does a UAE Sheikh's secret stake in the President's crypto firm influence U.S. foreign policy?
How does the firm's Pakistan deal affect Iran negotiations led by the CEO's father?
Can a President's business accept foreign funds without violating the Constitution's Emoluments Clause?