Nov 04, 2025
Binance CEO Denies Role in Trump Family-Backed Stablecoin Deal
TLDR Binance CEO Richard Teng denies Binance’s role in selecting the USD1 stablecoin for MGX investment deal. Teng confirms MGX, not Binance, decided to use USD1 stablecoin for the $2 billion investment deal. Lawmakers raised concerns about potential political influence after Trump pardoned former Binance CEO. The USD1 stablecoin, tied to the Trump family, is [...]
The post Binance CEO Denies Role in Trump Family-Backed Stablecoin Deal appeared first on Blockonomi.
Source: Blockonomi →Related News
- 6 days ago
The Bitcoin market remains boring. Investors chasing yields may be partly to bla...
- 6 days ago
Bitcoin recovers to $67,400 after dipping below $65,200 as Houthis enter Iran wa...
- 6 days ago
Hyperliquid traders in Tokyo get 200-millisecond edge, Glassnode research shows
- 6 days ago
Stablecoin payments go 'invisible' in Southeast Asia as crypto card business sur...
- 6 days ago
Strategy may have paused bitcoin accumulation last week, ending a thirteen week...