Binance Dominates Trump’s USD1 Supply as Bitcoin Hyper Breaks Records
Quick Facts: ➡️ Binance holding 87% of the USD1 supply introduces significant liquidity and counterparty risks, contradicting the decentralized ethos of crypto. ➡️ Capital is rotating from narrative-driven assets into fundamental infrastructure, specifically Bitcoin Layer 2 solutions. ➡️ Bitcoin Hyper utilizes the Solana Virtual Machine (SVM) to bring high-speed, programmable smart contracts to the Bitcoin […]
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$USD1, the stablecoin behind Donald Trump’s Web3 venture – World Liberty Financial – is on fire right now. Abu Dhabi-based AI firm MGX is using $USD1 to wrap up a hefty $2B investment into Binance, the world’s largest exchange. And the excitement doesn’t end there. It’s also gearing up to be integrated into Tron, a […]
Binance, the world’s largest crypto exchange, has broadened support for USD1, the stablecoin tied to World Liberty Financial and US President Donald Trump’s crypto ventures, reports disclosed. The exchange added new spot pairs including ETH/USD1, SOL/USD1 and BNB/USD1, and enabled fee-free swaps between USD1 and other major stablecoins. Related Reading: Is Dogecoin Waking Up? Critical On-Chain Metric Explodes Higher Binance Will Shift Collateral Into USD1 The exchange will convert all collateral backing its Binance-Peg BUSD (B-Token) into USD1 at a 1:1 ratio, a process the company said....
Fatti in breve: ➡️ Il fatto che Binance detenga l’87% dell’offerta di USD1 introduce significativi rischi di liquidità e di controparte, contraddicendo l’ethos decentralizzato delle criptovalute. ➡️ Il capitale sta ruotando da asset guidati dalla narrativa verso infrastrutture fondamentali, specificamente le soluzioni Layer 2 di Bitcoin. ➡️ Bitcoin Hyper (HYPER) utilizza la Solana Virtual Machine (SVM) […]
Following President Donald Trump’s pardon of Changpeng Zhao (CZ), the co-founder and former CEO of Binance, criticism has surged among Democratic lawmakers. Allegations of political paybacks have emerged, particularly in light of Binance.US’s recent listing of USD1, a stablecoin linked to Trump’s family and part of the DeFi platform World Liberty Financial (WLFI). Binance’s Alleged […]
What to Know: 1️⃣ U.S. President Donald Trump’s full pardon of Binance founder Changpeng ‘CZ’ Zhao signals a major political shift toward pro-crypto policy in Washington. 2️⃣ The move could reopen the U.S. market for Binance and fuel renewed momentum for its native token, $BNB, which gained nearly 5% following the news. 3️⃣ Bitcoin Hyper […]