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2025-03-25 07:55:45

USD1 Stablecoin Sparks Speculation Over Binance Ties

A new stablecoin called USD1 , which claims to be tied to World Liberty Financial (WLFI), has quietly launched on the BNB Chain, stirring speculation across the crypto space. While there's no official statement from WLFI or Binance, the appearance of USD1—and its interaction with leading market maker Wintermute —has sparked rumors of a potential partnership involving Binance and possibly even the Trump family. The speculation began after reports suggested WLFI could be working with Binance to launch a USD-backed stablecoin, with the Trump family potentially investing in the venture. This week, the crypto community spotted USD1 on Binance Smart Chain, fueling chatter that the stablecoin may be tied to those earlier reports. A social media post claiming the "Trump Family Foundation just issued a stablecoin on BSC" went viral, further intensifying the conversation. The fact that Wintermute, a highly influential crypto market maker with billions in daily volume, interacted with USD1 only added to the intrigue. Wintermute has a known history of working with Binance and backing other crypto projects, which has increased interest in USD1's legitimacy. Former Binance CEO Changpeng “ CZ ” Zhao also commented on the situation. He confirmed that the USD1 smart contract had been deployed 20 days earlier and welcomed the token to BNB Chain. However, he later warned the community about scams using the USD1 name, clarifying that “the official USD1 is not tradable yet.” His wording left some readers confused, as it acknowledged an "official" version of the token without confirming any ties between Binance and WLFI. The lack of clarity has raised concerns. Some in the community noted that CZ’s spontaneous social media posts could easily be misinterpreted as endorsements or confirmations. Influencers reminded their followers not to take his comments out of context, especially in the absence of formal statements. So far, neither Binance nor WLFI has officially confirmed any partnership or acknowledged involvement with the USD1 stablecoin. Both have also denied earlier claims suggesting direct collaboration. Until more information is released, the status of USD1 remains uncertain , and the crypto world will be watching closely for any updates.

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