The post Binance’s CZ Slams Bloomberg Over Trump-Linked Stablecoin Claim appeared on BitcoinEthereumNews.com.

tas a  aaaaCZ slams Bloomberg claim linking Binance to Trump-backed stablecoin USD1. Zhao may sue Bloomberg again, calls the report false and biased. Bloomberg says Binance coded USD1, holds 90% of the supply. Binance co-founder and former CEO Changpeng “CZ” Zhao has rejected a new Bloomberg report. The report links him and Binance to a stablecoin launched by World Liberty Financial (WLF). WLF is a crypto firm that is affiliated with the US president, Donald Trump. CZ May Sue Bloomberg Over ‘Hit Piece’ on Trump-Linked Stablecoin In an X post, Zhao described the article as a hit piece. He called it a competitor-sponsored thing. He complained, also, that it had so many factual mistakes that he did not know where to start. As such, he could sue Bloomberg once again as a result of defamation. According to Bloomberg, Binance was deeply involved. They say Binance coded, promoted, and adopted the stablecoin. The stablecoin is named USD1. According to some critics, this looks like a conflict of interest by President Trump. In addition, Bloomberg claimed that the Trump family’s crypto venture got secret help. They added that the largest crypto exchange in the world, Binance, supported it. It was also mentioned in the report that Zhao is a convicted felon, and he is currently seeking a pardon. According to Bloomberg, Binance coded up the rudimentary smart contract code in USD1. Three people said this but did not wish to be named. This is because the setup was personal. They opined further that Zhao had attempted to get a pardon shortly after USD1 had been utilized in a 2 billion dollar investment arrangement. The transaction entailed a UAE fund acquiring a Binance stake. The report also states that over 90% of the supply of USD1 remains with Binance wallets. This may earn…

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Filed under: News - @ July 12, 2025 8:25 pm