Trump Family-Linked Stablecoin Has 87% Of Its Supply Held by Binance, The Exchange Whose Billionaire Founder CZ Was Pardoned By The President

by | Feb 10, 2026 | General

World’s largest cryptocurrency exchange Binance (CRYPTO: BNB) holds the lion’s share of World Liberty Financial USD (USD1), the stablecoin issued by a Trump family cryptocurrency venture.

Concentration A Red Flag?

The cryptocurrency behemoth controls $4.7 billion of the stablecoin’s $5.4 billion total supply, according to data from on-chain analytics firm Arkham, first noted on Forbes

This marked the highest concentration on any third-party exchange among the top 10 stablecoins by market capitalization. For context, Binance held only about 10% of Tether (CRYPTO: USDT), the world’s largest stablecoin, and 12.37% of USDC (CRYPTO: USDC).

Note that Binance’s 2023 settlement with the Treasury Department bars it from serving American customers. Forbes said that the 87% of USD1 held in Binance-controlled wallets would “mostly be held on behalf of customers outside the U.S.”

Binance didn’t immediately return Benzinga’s request for comment. A response from World Liberty Financial, the cryptocurrency platform behind USD1, is also awaited.

USD1’s Strategic Rise

USD1, designed to maintain a 1:1 peg with the U.S. dollar, is now the fourth-largest stablecoin by market capitalization, surpassing PayPal USD (CRYPTO: PYUSD) and Dai (CRYPTO: DAI).

The stablecoin was chosen to close Abu Dhabi investment firm MGX‘s $2 billion deal with Binance last year. This prompted Senator Elizabeth Warren (D-Mass.) allege a potential quid pro quo between the Trump family and Binance’s convicted ex-CEO Changpeng “CZ” Zhao, later pardoned by President Donald Trump.

CZ has repeatedly denied these allegations, clarifying it was a transaction payment—not an investment in World Liberty Financial. Interestingly, he said at the World Economic Forum in Davos that Binance’s U.S. affiliate is preparing a comeback.

Although barred from operational involvement under a 2023 plea agreement tied to anti-money laundering failures, CZ remains a controlling shareholder and influential figure at Binance.

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Photo Courtesy: T. Schneider on Shutterstock.com