Forbes: Binance currently holds approximately 87% of the circulating supply of the USD1 stablecoin.

According to data analysis from blockchain analytics platform Arkham Intel, as of Monday, Binance held approximately 87% of all circulating USD1 stablecoins in its own wallets and user accounts—about $4.7 billion of the total supply of $5.4 billion—making it the third-party exchange with the highest concentration of holdings among the top ten stablecoins by market capitalization. Binance responded that its support for USD1 is no different from other cryptocurrencies, that it is common for large exchanges to hold large amounts of specific tokens, and that Changpeng Zhao's pardon is unrelated to the promotion of USD1. World Liberty Financial stated that the related promotions are standard practice and denied that Binance could exert influence over them. The White House press secretary stated that Trump has never been involved in, and will never be involved in, any conflicts of interest.