Binance Holds 87% of WLF USD1 Stablecoin Amid Trump Family Ties and Regulatory Scrutiny

[Binance holds 87% of World Liberty Financial’s (WLF) USD1 stablecoin, equivalent to about $47 billion, as the交易所 controls nearly all supply through its wallets and user accounts, per Arkham Intel. Concentration exceeds that of the second-largest issuer, Ethena USDC.] [The concentration raises systemic risks, including potential freezing of assets and operational interference if Binance were to fail. Binance faced a $43 billion fine in 2023 and is barred from serving U.S. clients, meaning the USD1 supply is largely offshore despite WLF’s ties to U.S. political and commercial resources.] [Timing coincides with a White House-announced January 2026 WLFI token giveaway to USD1 holders following the 2023 conviction of Binance’s former executive Zhao Changpeng, who received a presidential pardon from Trump. While Binance and WLF downplay influence, the alignment amid heightened regulatory scrutiny ahead of the midterm elections intensifies concerns about stability and compliance.]