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Trump Family-Linked Stablecoin Has 87% Of Its Supply Held By Binance, The Exchange Whose Founder CZ Was Pardoned By The President (UPDATED)
Yahoo Financeยท 2026-02-12 00:31
Core Insights - Binance holds $4.7 billion of the total $5.4 billion supply of the stablecoin USD1, representing the highest concentration on any third-party exchange among the top 10 stablecoins by market capitalization [2] - USD1 is now the fourth-largest stablecoin by market capitalization, designed to maintain a 1:1 peg with the U.S. dollar, surpassing PayPal USD and Dai [4] Group 1 - Binance's control over USD1 raises concerns about concentration risk, as it holds approximately 87% of USD1 in wallets controlled by the exchange [2][3] - The exchange's involvement with USD1 is described as limited to standard listing, infrastructure, and market-access services [3] - Binance's 2023 settlement with the Treasury Department prohibits it from serving American customers, indicating a strategic limitation in its operations [3] Group 2 - The stablecoin USD1 was utilized in a $2 billion deal between Abu Dhabi investment firm MGX and Binance, which has led to allegations of a potential quid pro quo involving the Trump family and Binance's former CEO [5] - Binance's CEO has denied allegations of impropriety, clarifying that the transaction was a payment rather than an investment in World Liberty Financial [6] - Binance's U.S. affiliate is reportedly preparing for a comeback, as stated by the CEO at the World Economic Forum [6]
X @The Block
The Blockยท 2026-02-11 21:21
EXCLUSIVE: Zerohash adds Monad support to expand USDC stablecoin payments https://t.co/r0W7rX1sLE ...
X @Token Terminal ๐
Token Terminal ๐ยท 2026-02-11 20:24
๐ฆโ๏ธ The Great Wall Street Migration@Fidelity has launched two different products on @ethereum; a tokenized money market fund (FDIT) and a stablecoin (FIDD).A chart to follow ๐ https://t.co/yiotQ46G8W ...
X @Messari
Messariยท 2026-02-11 18:41
RT Alexander (@ahbeaudry)New In The Stables just dropped!Read the full newsletter: https://t.co/GoPJFR6mBXThis weekโs edition covers:>> Stablecoin market cap up 0.58% WoW to $307.7B, led by USDC and USDT growth>> Weekly volume down 21.6% WoW as DeFi activity contracts 41.8%>> Tether invests $100M in Anchorage Digital at a $4.2B valuation>> Circle expands native USDC integrations (Polymarket, edgeX)>> White House stablecoin talks stall over proposed yield bansBy @ahbeaudry & @oztxn ...
Paxos Labs ไธ้็ง่็ฆ็ Layer 1 ็ฝ็ป Aleo ๅไฝ๏ผๆจๅบๅ็้็งไฟๆค็จณๅฎๅธ USAD
Xin Lang Cai Jingยท 2026-02-11 14:38
Core Viewpoint - Paxos Labs has partnered with privacy-focused Layer 1 network Aleo to launch a native privacy-preserving stablecoin, USAD, utilizing Aleo's ZK technology, reflecting a growing institutional interest in privacy solutions without sacrificing transaction details [1] Group 1 - Paxos Labs and Aleo's collaboration aims to address the increasing demand for privacy in blockchain transactions [1] - The USAD stablecoin is designed to leverage blockchain asset advantages while maintaining transaction confidentiality [1] - Circle has also chosen Aleo to pilot a privacy-preserving version of its USDC stablecoin, named USDCx [1]
Crypto Crashes Rattle Venture Capitalists
Bloomberg Televisionยท 2026-02-11 13:22
As market volatility hits the crypto industry, crypto-native funds are gravitating toward better-performing corners of the market, including stablecoin infrastructure and on-chain prediction markets, while some are also expanding into adjacent sectors like fintech and AI. Katrina Paglia, Chief Legal Officer at Pantera Capital Management, joins "Bloomberg Crypto" to discuss crypto investments amid heightened pressure on digital assets. -------- More on Bloomberg Television and Markets Like this video? Subscr ...
X @The Block
The Blockยท 2026-02-11 09:54
Malaysia's central bank to launch three stablecoin and tokenized deposit initiatives in 2026 https://t.co/cAELxXyXQp ...
X @Token Terminal ๐
Token Terminal ๐ยท 2026-02-11 08:34
RT Token Terminal ๐ (@tokenterminal)Stablecoin use on @ethereum is at an all-time high, while the cost to transact is at an all-time low.A chart to follow ๐ https://t.co/PUgd3gtGJH ...
X @Starknet (BTCFi arc) ๐ฅท
Starknet ๐บ๐ฑยท 2026-02-11 07:43
RT edgeX๐ฆญ (@edgeX_exchange)The world's largest regulated stablecoin @USDC is coming to EDGE chain.edgeX has received a strategic investment from @Circle Ventures. https://t.co/xMDguu1wvA ...