04 Nov 2025 | 5 Mins Read
Binance CEO denies ties to Trump-linked crypto venture
Flipitmoney
Binance CEO Richard Teng denies claims the exchange gave preferential treatment to presidential pardon beneficiary Changpeng Zhao's alleged associate, the Trump-backed stablecoin USD1. Teng attributed the stablecoin's listing to MGX, the Abu Dhabi state-owned firm paying for Binance's $2 billion investment, stating Binance often partners with promising new projects, listing them based on merit.