Binance reportedly controls 87% of the Trump-linked USD1 stablecoin supply, while Binance US holds almost none of the tokens.
Binance has emerged as the dominant holder of the Trump-linked USD1 stablecoin, controlling most of the circulating supply.
The concentration has drawn attention as USD1 expands rapidly while political and regulatory scrutiny around stablecoins continues to grow in the United States.
Binance Concentrates Majority of USD1 Supply
Binance reportedly holds about 87% of the total USD1 stablecoin supply.
Data shows roughly $4.3 billion of the $5.36 billion in circulation sits in Binance-linked wallets. This gives the exchange a central role in USD1 liquidity and distribution.
USD1 is issued by World Liberty Financial, a crypto firm associated with President Donald Trump and his family.
The stablecoin crossed $5 billion in circulation last month, placing it among the largest stablecoins globally. The wider stablecoin market now stands near $314.5 billion.
Tether remains the market leader with more than $184 billion in circulation. Still, USD1’s growth has been faster than many peers.
Market observers note that exchange support often drives stablecoin adoption and transaction volume.
Minimal Exposure at Binance US
While Binance controls most USD1 tokens, its U.S. affiliate shows limited exposure.
Reports indicate Binance US holds only about $1,119 worth of USD1. This contrast suggests offshore entities account for nearly all activity tied to the stablecoin.
The split has raised questions about where demand originates and how users access USD1.
World Liberty Financial operates globally, while Binance’s main platform remains unavailable to U.S. customers. Binance US continues to operate under tighter regulatory limits.
World Liberty Financial was founded in September 2024. It lists Donald Trump as a co-founder alongside Donald Trump Jr., Eric Trump, and Barron Trump.
A Trump-affiliated LLC owns about 38% of the firm and controls 22.5 billion WLFI governance tokens.
Related Reading: Binance Drops $300M on Bitcoin for SAFU Fund
Incentives and Political Scrutiny Increase Focus
Binance has played a direct role in expanding USD1 usage. In December 2025, the exchange waived trading fees for conversions into USD1.
Fee waivers are notable, as transaction fees remain a major revenue source for exchanges.
Binance also introduced reward programs for USD1 holders. On Jan. 22, the exchange said users holding USD1 would share $40 million in rewards.
Yield-linked stablecoins are currently under review by U.S. lawmakers.
Lawmakers have raised concerns about conflicts of interest. Trump has disclosed earning $57.4 million from World Liberty Financial.
The Trump Organization has said he retains control over his businesses while in office.
Binance founder Changpeng Zhao pleaded guilty in 2023 to money-laundering violations and served four months in prison.
He was pardoned by Trump last year and kept majority ownership of Binance.
Binance remains restricted from operating its main platform in the United States, though speculation about future access continues.
Source: https://www.livebitcoinnews.com/binance-reportedly-holds-87-of-trump-linked-usd1-stablecoin-supply/
