Binance Denies Involvement in $2 Billion Investment Using Trump’s Stablecoin

Richard Teng, CEO of Binance, has refuted claims that the exchange participated in choosing USD1, a stablecoin launched by the Trump family’s World Liberty Financial, for a $2 billion investment with MGX. According to CNBC, Teng stated that the investment decision was made independently by MGX. He emphasized that Binance had no involvement in determining the settlement currency used for this transaction.