Family

Data: The Trump family WLFI stablecoin USD1 has a market value of 127.8 million, with over 113 million issued on the BNB chain, accounting for nearly 90% of the current total circulation

ChainCatcher news, according to Coinmarketcap and BscScan data, as of now, the Trump family's crypto project WLFI's stablecoin USD1 has issued over 113 million USD1 on the BNB Smart Chain (BSC), accounting for nearly 90% of the circulation. The current total market capitalization of USD1 is close to 127.8 million, with a 24-hour trading volume of nearly 100 million dollars, and the total value locked (TVL) in BNB Chain and Ethereum exceeds 30 million dollars.In addition, USD1 has recently opened a trading pool on Pancakeswap, where the USD1 liquidity pool on Pancake has exceeded 19 million, and the USD1 TVL on Pancake V3 is 10.95 million dollars. The lending product of the staking protocol ListaDao on BNB Chain has also recently launched the USD1 Vault, which offers a lending limit of 20 million dollars in USD1, allowing users to borrow USD1 using BTCB and WBNB as collateral.USD1 is 100% backed by short-term U.S. Treasury bonds, dollar deposits, and other cash equivalents, pegged 1:1 to the dollar, aiming to provide a safe and efficient cross-border transaction tool for sovereign investors and institutions.Currently, USD1 has been included in the BNB Chain's stablecoin 0 gas fee activity, providing a smooth stablecoin transfer experience for more users. BNB Chain has been committed to expanding stablecoin scenarios and promoting large-scale applications of crypto. According to today's data from Dune, the total market capitalization of stablecoins on BNB Chain is 7.2 billion dollars.

The Wall Street Journal questions Trump's use of family company to extort Binance

ChainCatcher news, according to The Wall Street Journal, representatives of U.S. President Trump have held negotiations regarding a stake in the cryptocurrency exchange platform Binance.US, with possibilities including the Trump family holding shares or conducting transactions through World Liberty Financial.The article states that Trump is increasingly blurring the lines between his presidential position and business activities, and engaging in business transactions with Binance's largest shareholder, Zhao Changpeng, who is seeking a government pardon, would create an unprecedented overlap between his enterprises and the government. For the Trump family, holding shares in Binance.US would provide them with an opportunity to participate in the potential revival of the U.S. cryptocurrency trading market, as the industry is thriving with the U.S. government lifting regulatory threats.Binance.US experienced a sharp decline in business following regulatory actions, and after Trump's victory last year, Binance began exploring a return to the U.S. market. According to informed sources, the company expressed a willingness to reach an agreement with Trump's company and hopes to resolve its legal issues. After Trump's victory, Binance established a task force led by Chief Executive Richard Teng, which includes senior legal and compliance personnel, to evaluate various options.The Wall Street Journal reported that after Sun Yuchen invested in World Liberty Financial to become its largest investor, last month, the U.S. Securities and Exchange Commission (SEC) requested the court to suspend the fraud lawsuit against Sun Yuchen and his three companies. According to an informed source, Binance executives are internally discussing whether to take the same route: injecting funds into World Liberty Financial in exchange for a pardon for Zhao Changpeng.
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