[Binance CEO Denies Allegations of Promoting Trump-Related Stablecoin] Binance CEO Richard Teng has denied allegations that Binance helped promote a Trump-related stablecoin before CZ received a presidential pardon. According to reports, Binance secured a $2 billion investment from Abu Dhabi-based investment firm MGX, with the transaction settled using the stablecoin USD1 created by Trump family cryptocurrency company World Liberty Financial. Binance subsequently listed USD1, increasing the stablecoin's usage. Teng stated that the decision to use USD1 was made by MGX, and Binance was not involved in that decision. He also emphasized that USD1 had already been launched on other exchanges before being listed on Binance.