Binance.US pushed back against political criticism on Wednesday, clarifying that its listing of USD1, a stablecoin issued by Trump-linked World Liberty Financial (WLFI), was a standard business decision. The exchange responded after Democratic Senator Chris Murphy suggested the move was politically motivated, following former President Trump’s pardon of Binance CEO Changpeng Zhao last week.
USD1 is currently the sixth-largest stablecoin globally, with a market capitalization of $2.97 billion, and is listed on more than 20 U.S. exchanges, including Coinbase, Robinhood, and Kraken. Binance.US emphasized that the listing had been approved by its listing committee well before the political controversy arose, following routine evaluation standards. The exchange highlighted that USD1’s integration supports liquidity, transparency, and trading options for U.S. users, reinforcing its commitment to broad crypto adoption.
Binance.US confirmed it will continue monitoring all listings through its standard governance framework and provide updates on any regulatory developments affecting stablecoin operations in the U.S.
Source: https://x.com/binanceus/status/1983673282470801635
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