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
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