Trump-Linked Stablecoin Ruler: Binance Holds 87%, Chaos Ensues

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In the theatre of finance, Binance assumes the throne of the Trump-linked USD1 stablecoin, commanding 87% of the stage, while Binance US shrugs from the wings with the cordial indifference of a well-bred chandelier.

Binance has ascended as the dominant holder of the USD1 stablecoin, the circulating supply bowing under its gilded sovereignty.

The concentration draws the eye as USD1 expands its empire while political and regulatory scrutiny march in like stern governesses around the retail ballroom of stablecoins.

Binance Concentrates Majority of USD1 Supply

Binance reportedly holds about 87% of the total USD1 supply.

Data shows roughly $4.3 billion of the $5.36 billion in circulation sits in Binance-linked wallets. This grants the exchange a central role in USD1 liquidity and distribution, as if the coin were a literary party favor and Binance the host with the most.

Binance-Whose Founder Was Pardoned-Now Holds 87% Of Trump’s Stablecoin

– Forbes (@Forbes)

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 the audacity to outpace many of its more modest cousins.

Market observers note that exchange support often drives stablecoin adoption and transaction volume, which is the kind of social climber one would expect in any bustling metropolis of finance.

Minimal Exposure at Binance US

While Binance controls most USD1 tokens, its U.S. affiliate speaks with the faint accent of restraint.

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, like a theatrical troupe performing abroad while the chorus stays home.

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 perform 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, a gesture as tasteful as it is practical.

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, which is to say the fun is never quite over in the corridors of power.

Your USD1 can do more.

Just hold USD1 and auto-share $40M in WLFI over 28 days. Margin & Futures users get 1.2x rewards.

Find out more 👉

– Binance (@binance)

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 much like a flirtation with destiny.

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2026-02-10 16:26