Overview
- Blockchain data cited by Forbes shows roughly $4.7 billion of USD1—about 87% of its $5.4 billion supply—is on Binance wallets.
- It remains unclear how much of the USD1 on the platform is exchange-owned versus customer-held, complicating assessments of control.
- Aggressive integrations and incentives helped drive the buildup, including a late-January $40 million WLFI giveaway, a $2 billion MGX transaction in 2025, and the conversion of BUSD collateral into USD1.
- World Liberty Financial issues USD1 and lists President Trump and his sons as founders, with an affiliated Trump LLC owning about 38% of the company and Trump disclosing $57.4 million in related earnings.
- Binance and WLFI deny improper ties as lawmakers examine WLFI’s foreign links; Binance’s U.S. affiliate shows only about $1,119 in USD1.