Binance Developed Code for Trump-Backed USD1 Stablecoin Before

Binance Changpeng Zhao Stablecoin Binance wrote the smart contract code governing USD1, enabling the coin’s creation and use in a $2 billion transaction this spring. Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has... Author Profile Share Copied Last updated: July 11, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Binance, the world’s largest digital-asset exchange, played a critical role in developing the USD1 stablecoin launched by the Trump family’s World Liberty Financial Inc. Key Takeaways: Binance developed the smart contract code for the Trump-backed USD1 stablecoin. Over 90% of USD1 tokens remain in Binance wallets, generating significant interest income for the Trump family. Binance founder Changpeng Zhao’s pardon bid raises concerns. Binance wrote the smart contract code governing USD1, enabling the coin’s creation and use in a $2 billion transaction this spring, sources familiar with the matter told Bloomberg. The assistance came despite Binance founder Changpeng Zhao’s 2023 guilty plea for failing to maintain an effective anti-money-laundering program and his subsequent public request for a presidential... https://cryptonews.com/news/binance-developed-code-for-trump-backed-usd1-stablecoin-before-czs-pardon-bid/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple