Binance would have developed the base code for USD1 of World Liberty Financial

By Hannah Pérez

A new Bloomberg report shows lights in the alleged secret ties between Binance and the cryptocurrency project backed by Trump, where the Exchange would have helped create and promote the USD1 stablecoin.

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• Bloomberg exposes alleged secret ties between Binance and World Liberty Financial.
• Binance would have collaborated in the USD1 code, the Tablecoin of the Trump project.
• The giant exchange would also have helped promote Token, according to the report.
• CZ and World Liberty previously rejected rumors of a collaboration.
• Possible friendship between Zhao and Trump is suggested in the midst of the conflict of interest.

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The cryptocurrency project backed by Donald Trump’s family, World Liberty FinancialI would have received the help from the giant exchange Binance To develop your StablecoinUSD1.

This is revealed by a new report published this Bloomberg that cites three familiar sources. According to the report, Binance He would have collaborated with the writing of the base code to boost USD1, the token with parity of the US dollar of World Liberty.

Founded in 2024, World Liberty Financial It is promoted as a Defi platform that seeks to facilitate access to cryptocurrencies and promote the adoption of Stablecoins, particularly its USD1 token, launched in March and with parity in the US dollar.

The president of the United States, Donald Trump, who broadly promoted the project, is listed as the “Chief of Cripto Defensor” and the “inspiration“Of the company, while your children Donald Trump Jr. and Eric Trump are”Web 3 Ambassadors ″ which also actively participate in business management and promotion.

The Trump family has a significant participation in World Liberty Through the entity DT Marks Defi LLCwhich initially controlled 75% of the firm, then reduced to 60% and subsequently to 40%. A few weeks ago, Trump reported income of USD $ 57.4 million for the sale of the native WLFI token, according to an annual financial declaration.

The report published Friday reveals unknown ties between the greatest exchange of cryptocurrencies in the world and the project backed by the Trump family, which raises ethical concerns.

The secret ties between WLF and Binance

In addition to USD1 coding work, the publication details that Binance would have played a crucial role in promoting Stablecoin with the announcement of a huge capital injection whose payment was agreed in that token.

Mgxan investment company based in Abu Dhabi, announced in March a historical investment of 2 billion dollars in Binancewhich later was reported would be settled in USD1.

That operation, which at that time marked a milestone as the greatest individual investment in a cryptocurrency company to date, has now caused approximately the 90% of all USD1 coins in circulation rest on the wallets of Binancehe said Bloomberg In your article citing chain data.

“The assets that support that sum generate interest from interest, which could reach dozens of millions of dollars for the Trump annually“, Write the publication by suggesting huge profits for the family of the US President.

Binance It would also have promoted USD1 among its 275 million users, the report adds.

Friendship between CZ and Donald Trump?

World Liberty Financial He has faced criticism and controversy due to its lack of transparency and possible conflicts of interest given its connection with President Trump, especially taking into account that the Republican administration has been promoting favorable policies for cryptocurrencies that could directly benefit that project.

Trump has been under the scrutiny of many US legislators due to their cryptocurrency companies –especially in the light of reports that estimate multimillion -dollar profits for the family following these businesses.

The report of Bloombergwhich focuses on these conflicts, also mentions a possible conflict of interest due to the potential relationship between the founder of BinanceChangpeng Zhao, and President Trump.

Zhao, better known for his nickname ‘CZ’, faced multiple legal positions in the United States related to violations of financial regulations, mainly for not implementing an effective money laundering program. As part of an agreement with the Department of Justice, Zhao declared himself guilty in November 2023, he resigned as CEO of Binance and agreed to pay a personal fine of USD $ 50 million. He then served a four -month prison sentence.

Bloomberg He suggests that CZ could benefit from a relationship with Trump as he seeks a presidential pardon. Zhao and co -founders of World Liberty Financial previously rejected a report that indicated a collaboration enters Binance and the parts.

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Hannah Estefanía Pérez / Diariobitcoin

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