Trump pardoned Binance founder Changpeng Zhao amid documented business ties between Binance and the family's stablecoin
Zhao's team paid a Trump-connected lobbying firm $1.3 million; Trump later said of Zhao, 'I don't know who he is.'
USD1 (stablecoin)
Dollar-pegged stablecoin issued by World Liberty Financial; used to settle the $2 billion MGX–Binance investment. On-chain analyses report the large majority of supply custodied at Binance.
Profile sources: The Guardian Forbes
Claims involving USD1 (stablecoin) (3)
Trump signed the first federal stablecoin law while his family held a major stake in a stablecoin issuer
The GENIUS Act became law July 18, 2025; the final text contains no Trump-specific recusal provision.
Abu Dhabi state-backed MGX settled its $2 billion Binance investment in USD1, the Trump-family-linked stablecoin
The May 1, 2025 announcement was made onstage by WLF co-founder Zach Witkoff alongside Eric Trump.
Documented relationships (1)
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| Subject | Relationship | Object | Establishes / does not establish | Sources |
|---|---|---|---|---|
| World Liberty Financial | owns | USD1 (stablecoin) | USD1 is issued by World Liberty Financial, per Reuters, The Guardian, and Forbes. Does not establish: The internal revenue split from USD1 reserves; Reuters said public reporting was insufficient to determine the family's final benefit. | The Guardian Forbes |
On the timeline
- 2025-05-01 Business USD1 announced as the stablecoin closing MGX's $2 billion Binance investment
- 2025-07-18 Official acts Trump signs the GENIUS Act, the first federal stablecoin law