Binance Disputes Alleged Role in Trump-Related Stablecoin

Reports have emerged implicating Binance in the creation of USD1, a Trump family-associated stablecoin launched in March 2025. Bloomberg’s sources suggested Binance helped develop and promote the token, sparking controversy in the crypto industry.

The allegations’ significance is tied to Binance’s legal challenges and the Trump family’s political connections, impacting WLFI token prices and prompting industry scrutiny.

Binance Allegations Shake WLFI Token Stability

Binance is reported to have assisted World Liberty Financial (WLFI) with the USD1 stablecoin’s technical foundation and promotion. Changpeng Zhao, Binance’s former CEO, rebutted these claims, emphasizing inaccuracies in Bloomberg’s report. Subsequent market reactions were significant, as Binance denied endorsing USD1.

Market volatility ensued, affecting WLFI tokens which remain under governance voting. This decision could allow tokens to be publicly traded. The Trump family’s relationship with WLFI garnered attention, particularly given their USD1 income of $57.4 million. Donald Trump, Former President of the United States, World Liberty Financial (WLFI) – “I disclosed $57.4 million in income from the crypto business, holding 15.75 billion WLFI governance tokens.” Source

In responding to the report, Binance insisted claims were unsubstantiated. Bloomberg’s account was labeled as flawed, and allegedly influenced by competitive interests. This denial maintained focus on the ongoing governance voting, a move seen favorably by 5 billion token holders as per WLFI’s significant community engagement on social platforms.

Regulatory Scrutiny Intensifies Amid Political Ties

Did you know? In 2025, the association of a major exchange with a politically linked coin like USD1 mirrors historical precedents but remains novel in its particular fusion of politics and crypto tech.

As of July 11, 2025, Wen Lambo Financial (WLFI) is closely watched following the controversy surrounding its USD1 stablecoin. Data from CoinMarketCap show WLFI’s current price at $456.94, with a 90.75% surge in the last 24 hours, while having experienced a longer-term decline of 9.09% over 90 days. The market dominance remains negligible, and recent trading volume grew by 45.98%. These metrics highlight WLFI’s volatile pricing patterns after the Bloomberg report.

Insights from Coincu suggest that the main regulatory focus remains Binance’s alleged involvement. Historical trends indicate major tokens linked with high-profile figures can face regulatory scrutiny. The Coincu analysis anticipates further exploration of governance token impacts as WLFI transitions to public trading, potentially affecting wider crypto markets.