11/02/2026
A recent Forbes report shows that Binance controls nearly 87% of the circulating supply of USD1, a stablecoin issued by World Liberty Financial, amounting to about US$4.7 billion out of a total US$5.4 billion.
USD1 is politically sensitive, as an affiliated LLC linked to Donald Trump owns roughly 38% of World Liberty Financial, and Forbes estimates the project has already added around US$1 billion to Trump’s net worth.
Analysts warn that such extreme concentration on a single exchange is unusual for major stablecoins and creates financial, governance, and transparency risks, especially in scenarios involving legal action, asset freezes, or operational stress. While Binance and World Liberty Financial deny any improper relationship, lawmakers have begun scrutinizing the project’s foreign ties and funding sources.
Binance now holds most of the Trump-linked USD1 stablecoin, raising questions about market power, transparency, and long-term stability.