Binance Holds Majority of Trump-Linked USD1 Stablecoin Supply

[AIcash]

The timing of CZ’s appearance also coincides with Binance’s growing dominance in WLFI’s USD1 stablecoin ecosystem. Reports indicate that Binance controls roughly 85–87% of USD1’s $5.4 billion circulating supply — one of the highest single-exchange concentrations among major stablecoins.

While critics have questioned whether CZ’s pardon and Binance’s role in USD1 raise conflict-of-interest concerns, Zhao has dismissed the claims as overblown. Meanwhile, Binance is doubling down on support for the token, launching a new incentive campaign distributing 235 million WLFI tokens to USD1 holders between Feb. 20 and March 20 to boost liquidity and adoption.

[chainsniff]

High single-exchange concentration introduces liquidity and counterparty risk. If anything happens to that venue, the peg narrative gets tested fast