CZ Dismisses Centralization Fears Amid Scrutiny Over Binance’s Grip on USD1 Stablecoin

Binance is making headlines connected societal media for aggregate reasons. Among them, a Forbes study revealed that the speech and its users power the overwhelming bulk of USD1, a stablecoin issued by World Liberty Financial (WLFI).

With the WLFI task linked to US President Donald Trump and his family, the disclosure has sparked statement implicit attraction risk, speech influence, and the increasing overlap betwixt crypto markets and politics.

A February 9 Forbes probe recovered that Binance holds astir 87% of USD1’s circulating supply—around $4.7 cardinal retired of astir $5.4 cardinal successful total.

According to the report, this represents the highest single-exchange attraction recorded among large stablecoins. Blockchain analytics information from Arkham Intelligence corroborates this data.

The findings substance discussions astir whether specified a precocious level of attraction could make systemic risks oregon undermine the decentralization communicative often associated with stablecoins.

Changpeng Zhao (CZ), the laminitis and erstwhile CEO of Binance, responded publically to the debate, dismissing the concerns arsenic overstated. In posts connected X (Twitter), CZ argued that Binance historically holds ample shares of galore stablecoins simply due to the fact that of its standard arsenic the largest exchange.

“Binance (users) clasp the largest % of astir stablecoins (USDT, USDC, USD1, U ... you sanction it) compared to each different CEXs. Not news,” wrote CZ.

Further, the Binance enforcement noted that erstwhile measuring centralized speech holdings broadly, Binance typically accounts for astir 60–70% crossed aggregate assets.

Supporters echoed that view, arguing that the assets mostly beryllium to customers alternatively than the speech itself, and that precocious concentrations connected a ascendant trading venue are not antithetic successful crypto markets.

USD1’s ties to World Liberty Financial person amplified the controversy. WLFI, launched successful 2024, lists Trump arsenic co-founder emeritus alongside Donald Trump Jr., Eric Trump, and Barron Trump.