Forbes/Arkham: Binance holds ~$4.7B (≈87%) of Trump-linked USD1; CZ defends exchange amid criticism

first published 2026-02-10T04:11:05Z

Arkham Intelligence and Forbes report show Binance holds roughly $4.7 billion (≈87%) of USD1’s $5.4 billion supply. USD1 is issued by World Liberty Financial (affiliated with the Trump family); an LLC tied to Trump owns a large stake and the project has increased his reported income. Binance’s share grew via promotions (including a $40M WLFI incentive), a $2B MGX investment and converting BUSD reserves into USD1. Analysts warn the concentration creates financial, governance and transparency risks and regulators/lawmakers are scrutinizing the project and its foreign ties.

AI Analysis

Binance holds ~$4.7B — ~87% of USD1’s $5.4B supply (concrete concentration). Binance increased exposure through a $40M WLFI incentive, a $2B MGX investment and converting BUSD reserves into USD1. USD1 is issued by World Liberty Financial, affiliated with the Trump family, and an LLC tied to Trump owns a large stake. Analysts cite financial, governance and transparency risks; regulators and lawmakers are scrutinizing the project and its foreign ties.

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