Conflict of interest: Binance wrote code for Donald Trump’s crypto token before founder Changpeng Zhao sought pardon
In a development that has again raised red flags over United States President Donald Trump’s conflict of interest in the cryptocurrency space, Bloomberg reported that Binance aided in the creation and promotion of the USD1 token for World Liberty Financial, before its founder sought pardon.
According to sources cited by Bloomberg, the world’s largest crypto exchange supported the Trump family company with code for its stablecoin USD1, and also promoted the coin to its 275 million users. This came before convicted felon and Binance founder, Zhao, known as CZ, sought a presidential pardon in his 2023 money laundering case, it added.
The report added that there are over $2 billion worth of USD1 in Binance wallets, which at 4 per cent yield…
