Ah, the theater of finance! Behold, the grand stage where Binance, that colossus of crypto, holds a staggering 87% of USD1, the stablecoin with a Trumpian twist. According to a Forbes exposé dated February 9, 2026, this concentration of wealth is less a monopoly and more a testament to the insatiable appetite of its users. Or so claims the inimitable Changpeng “CZ” Zhao, whose defense is as polished as a Victorian wit’s riposte.
The internet, that fickle arbiter of taste, has clucked its tongue in disapproval. Yet, CZ waves away the criticism with a flourish, insisting that Binance’s dominance is merely a reflection of user demand, untainted by political favoritism. How delightfully convenient!
The Crown of Dominance
Forbes, ever the diligent chronicler, reveals that Binance commands $4.7 billion of USD1’s $5.4 billion supply, a figure so lopsided it borders on the absurd. This, based on the sage insights of Arkham Intelligence, includes both the exchange’s coffers and its clients’ holdings. Yet, the precise division remains as elusive as a well-turned compliment at a society ball.
Enter World Liberty Financial, a crypto venture graced by the Trump dynasty, which birthed USD1 in March 2025. CZ, ever the herald, was among the first to trumpet its arrival. Trump, listed as co-founder emeritus, and his affiliates stand to reap a bountiful harvest from the governance token, WLFI. How quaintly capitalist!
The arrangement has raised eyebrows, most notably those of independent researcher Molly White, who warns of “theoretical risks” should legal or operational tempests arise. Corey Frayer, once an adviser to the SEC chair, goes further, questioning whether USD1 is a stablecoin at all or merely a gilded façade. Such skepticism! Such drama!
“Binance (users) hold the largest % of most stablecoins (USDT, USDC, USD1, U … you name it) compared to all other CEXs. Not news.”
CZ’s retort, delivered with the aplomb of a man accustomed to the spotlight, dismisses the furor as old hat. Yet, the backlash lingers, a specter haunting his wider reputation.
For CZ, the former CEO, is no stranger to controversy. A presidential pardon in October 2025 absolved him of compliance failures tied to anti-money laundering controls, a regulatory tempest his attorney insists was devoid of political favor. How reassuring!
FUD and the Follies of Perception
Amid this maelstrom, CZ and his lieutenants decry a coordinated campaign of fear, uncertainty, and doubt (FUD). A fake social media account, with its AI-generated visage of CZ, first sang his praises before turning its digital tongue to venom. Another report alleges a “deliberately organized smear campaign.” Oh, the intrigue!
Yet, Binance’s dominance is no mere illusion. A CryptoQuant report from January 2025 reveals the exchange captured 41% of spot trading volume and 42% of Bitcoin perpetual futures volume. It also holds 72% of USDT and USDC reserves on major platforms, a statistic that lends credence to CZ’s claim of typicality. How marvelously mundane!
In this grand ballet of finance and folly, one cannot help but marvel at the spectacle. Binance, with its Trump-linked stablecoin and CZ’s unflappable demeanor, stands as a monument to the absurdities of our age. And we, dear reader, are but spectators in this most exquisite of farces.
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2026-02-11 01:24