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Binance CEO denies "Binance promoted Trump Crypto Assets project before CZ received presidential pardon"
According to CNBC, Binance CEO Richard Teng denied allegations that the exchange helped promote Trump-related stablecoins before CZ received a presidential pardon. According to reports, the controversy stems from Binance's $2 billion investment from Abu Dhabi investment firm MGX, which was settled using the stablecoin USD1 created by Trump family cryptocurrency company World Liberty Financial. Binance subsequently listed USD1 on its exchange, helping to enhance the usage and credibility of the stablecoin. Teng stated in an interview that the decision to trade using USD1 was made by MGX, and Binance did not participate in that decision. He emphasized that USD1 had already been launched on other exchanges before Binance, and Binance regularly collaborates with promising new projects.