Binance currently holds 87% of Trump's stablecoins. Binance holds approximately 87% of USD1, a stablecoin issued by a cryptocurrency venture of the Trump family – a higher concentration than any other major stablecoin at a single exchange. This suggests a deep financial connection between Binance, whose founder was pardoned by Trump in October, and World Liberty Financial, which helped add approximately $1 billion to President Donald Trump's net worth. In 2025, the Securities and Exchange Commission (SEC) dropped its lawsuit against Binance for alleged securities law violations just days after the exchange first listed USD1, and in October, Trump pardoned co-founder and former CEO Changpeng “CZ” Zhao, who pleaded guilty in 2023 to failing to maintain an effective anti-money laundering program. Binance told Forbes that its involvement with USD1 was similar to what it does with other cryptocurrencies, stating that “it is not unusual for large exchanges to hold large amounts of certain Token ,” and that there was no connection between the pardoning of Zhao and Binance promoting USD1; World Liberty Financial called these promotional activities “standard practice” and argued that any suggestion that Binance could influence the company was “completely false”; Zhao’s lawyer called the pardon an attempt to “rectify an injustice.” White House press secretary Karoline Leavitt said that Trump has never been and will never be involved in conflicts of interest.