Home Binance Holds 87% Trump-affiliated USD1 Stablecoin Faces Scrutiny

Binance Holds 87% Trump-affiliated USD1 Stablecoin Faces Scrutiny

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Binance Holds 87% Trump-affiliated USD1
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KEY TAKEAWAYS

  • Binance holds about 87% of all USD1 coins, which is much more than any other big stablecoin on one exchange.
  • USD1 is a stablecoin, meaning its value is made to stay close to one U.S. dollar. Binance cannot serve U.S. customers, so most USD1 holders on Binance likely live outside the United States.
  • World Liberty Financial created USD1 and has links to the Trump family. There are about $5.4 billion worth of USD1 coins, and around $4.7 billion of them are kept on Binance.
  • Experts think this level of control is unusual and say it should be watched closely. The amount of USD1 on Binance grew after a reward offer in January involving another coin called WLFI.

“USD1 ON DISPLAY, BINANCE HOLDS THE PLAY.”

Can a stablecoin work well if one platform holds most of it? A new report by Forbes says that Binance, the biggest crypto exchange in the world, holds almost 87% of all USD1 coins.

USD1 is a digital coin linked to a crypto company connected to Donald Trump’s family. Because Binance holds so much of it, many experts and investors are paying close attention.

USD1 is called a stablecoin. This means its price is made to stay close to one U.S. dollar. A company named World Liberty Financial created USD1. This company has ties to the Trump family.

What High USD1 Concentration Means For The Market?

Forbes says there are about $5.4 billion worth of USD1 coins in total. Out of this, about $4.7 billion worth is kept on Binance. These coins are held either in Binance’s own wallets or in the accounts of people who use Binance.

Because one exchange holds most of the USD1 coins, some people think this is unusual. They believe it is important to watch closely and make sure everything stays safe and fair.

This amount of control is more than any other big stablecoin has on one exchange. Normally, stablecoins are kept on many different platforms. This helps lower risk. Because Binance holds so much USD1, experts say people should watch the situation carefully.

USD1 Holdings Rise After January Reward Offer

The number of USD1 coins on Binance grew after a special offer in January. Binance said that people who hold USD1 could get free rewards worth $40 million in another coin called WLFI. WLFI is also made by World Liberty Financial. Soon after this offer, data showed that many WLFI coins were sent to Binance.

Binance is not allowed to serve customers in the United States. This rule started after an agreement with the U.S. government in 2023. Because of this, most USD1 coins on Binance are likely owned by people who live outside the U.S.

Trump-affiliated Firm Holds 38% Stake

World Liberty Financial makes money by using the dollars behind USD1 in safe places, like U.S. government bonds. These bonds pay interest. The company keeps this extra money, which is about 3.6% right now. A company linked to Donald Trump owns about 38% of World Liberty Financial. This means the project is closely connected to Trump’s business.

The report also talks about recent government actions. In 2025, the U.S. government stopped a lawsuit against Binance. Later, Donald Trump gave a pardon to Binance’s founder, Changpeng “CZ” Zhao.

Conclusion

Big exchanges, big holdings, big questions. According to Binance, major exchanges often have substantial quantities of a token. Additionally, World Liberty Financial rejects any outside involvement and claims that its marketing is typical.

However, Forbes points out that this kind of concentration is uncommon, so many people will continue to keep a careful eye on USD1.

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