Source: CNBC
“Binance CEO Richard Teng has dismissed claims that the cryptocurrency exchange helped boost a Trump-backed stablecoin before former CEO Changpeng Zhao received a presidential pardon. The claims in question relate to a $2 billion investment Binance received from Abu Dhabi’s state-owned investment firm MGX. The deal was settled using USD1, a stablecoin created by the Trump family’s crypto venture, World Liberty Financial. … in a CNBC interview on Monday, Teng rejected the notion that Binance — the world’s largest cryptocurrency firm — had given USD1 any preferential treatment.” (11/04/25)