Prior to CZ's pardon, the CEO of Binance denies promoting Trump Stablecoin.
Binance CEO Richard Teng at Gulf Binance Event. | Source: Bloomberg on Images Prior to CZ's pardon, the CEO of Binance denies promoting Trump Stablecoin. Binance CEO Richard Teng denied allegations that the exchange promoted Trump's USD1 stablecoin to secure a presidential pardon for former chief Changpeng Zhao . Source: Cryptoview Richard Teng, the CEO of Binance, denied rumors that the exchange boosted a stablecoin supported by Trump in order to get former CEO Changpeng Zhao a presidential pardon. A $2 billion investment from Abu Dhabi's state-owned MGX is at the heart of the accusations, and it was paid with USD1, a stablecoin developed by World Liberty Financial , the Trump family's cryptocurrency business. Legislators and media outlets have suggested that Zhao's pardon may have been influenced by the stablecoin's improved market position as a result of MGX's investment and Binance's subsequent listing of USD1. Teng denied any preferential treatm...