Forbes: Binance Currently Holds Approximately 87% of USD1's Circulating Supply

According to data from blockchain analytics platform Arkham Intel, as of Monday, Binance holds about 87% of all circulating USD1 stablecoin in its proprietary wallets and user accounts—approximately $4.7 billion out of a total supply of $5.4 billion. Among the top ten stablecoins by market capitalization, this third-party trading platform's concentration of holdings is the highest.

Binance responded that its support for USD1 is no different from other cryptocurrencies, stating that it is common for large exchanges to hold significant amounts of specific tokens, and that CZ's pardon is unrelated to the promotion of USD1. World Liberty Financial stated that the related promotions are standard practice and denied that Binance could exert influence over it. The White House Press Secretary stated that Trump has never been and will not be involved in any conflict of interest.