Binance users hold about 87% of USD1, the Trump-linked stablecoin, according to a Forbes report published on February 9, 2026, putting most of the token\u2019s circulating supply on a single exchange.<\/p>\n
The concentration has drawn criticism online, but Binance founder Changpeng \u201cCZ\u201d Zhao says the figures reflect user demand across stablecoins rather than special treatment tied to politics.<\/p>\n
The Forbes report found<\/a> that Binance controls roughly $4.7 billion of the $5.4 billion USD1 supply, based on Arkham Intelligence data. That is a higher share than any single exchange holds of other top-10 stablecoins, with Forbes noting that the holdings include both Binance-controlled wallets and customer balances, though it remains unclear how much belongs to the exchange itself.<\/p>\n World Liberty Financial, a crypto venture backed by several members of President Donald Trump\u2019s family, launched<\/a> the token in March 2025, with CZ among the first to publicly share the news.<\/p>\n Trump is also listed as co-founder emeritus, and several entities affiliated with him are entitled to a large share of proceeds from the project\u2019s governance token, WLFI.<\/p>\n The custody concentration drew criticism from independent researcher Molly White, who told Forbes it creates \u201ctheoretical risk\u201d if assets become tied up in legal or operational disputes. Corey Frayer, a former adviser to the SEC chair, went further, questioning whether USD1 was designed to function as a broad stablecoin at all.<\/p>\n However, Zhao responded <\/a>on social media, writing,<\/p>\n \u201cBinance (users) hold the largest % of most stablecoins (USDT, USDC, USD1, U \u2026 you name it) compared to all other CEXs. Not news.\u201d<\/p>\n The backlash around the token sits within wider scrutiny of Zhao and Binance. The former CEO received<\/a> a presidential pardon in October 2025 after pleading guilty in 2023 to compliance failures tied to anti-money laundering controls.<\/p>\n His attorney said<\/a> in a November 2025 interview that the case was regulatory in nature and rejected claims of political favors.<\/p>\n The discussion is also happening amid what CZ and Binance executives are describing as a coordinated campaign of fear, uncertainty, and doubt (FUD).<\/p>\n Earlier in the month, Zhao exposed<\/a> a fake social media account with 863,000 followers that used AI-generated images of him to first pose as a supporter and then spread negative sentiment. Furthermore, a separate AI analysis report alleged<\/a> a \u201cdeliberately organized and coordinated smear campaign\u201d against the exchange.<\/p>\n Market data suggests Binance\u2019s dominance extends far beyond one stablecoin, especially considering that a CryptoQuant report from January showed<\/a> Binance captured 41% of spot trading volume and 42% of Bitcoin perpetual futures volume among top exchanges in 2025.<\/p>\n According to the report, the exchange also held 72% of the combined USDT and USDC reserves on major platforms, a context that supports Zhao\u2019s argument that large user holdings on the exchange are typical.<\/p>\n The post CZ: Binance Leads Major Stablecoins, Not Just USD1<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Binance users hold about 87% of USD1, the Trump-linked stablecoin, according to a Forbes report published on February 9, 2026, putting most of the token\u2019s circulating supply on a single exchange. The concentration has drawn criticism online, but Binance founder Changpeng \u201cCZ\u201d Zhao says the figures reflect user demand across stablecoins rather than special treatment […]<\/p>\n","protected":false},"author":0,"featured_media":134182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-134181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134181"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134181"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/134181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/134182"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Pattern of FUD and Market Reality<\/h2>\n