CZ mentioned Binance holding 87% of USD1 displays consumer demand, arguing that the change dominates most main stablecoins.
Binance customers maintain about 87% of USD1, the Trump-linked stablecoin, based on a Forbes report revealed on February 9, 2026, placing a lot of the token’s circulating provide on a single change.
The focus has drawn criticism on-line, however Binance founder Changpeng “CZ” Zhao says the figures mirror consumer demand throughout stablecoins relatively than particular remedy tied to politics.
Trade Dominance Attracts Focus
The Forbes report found that Binance controls roughly $4.7 billion of the $5.4 billion USD1 provide, based mostly on Arkham Intelligence information. That may be a larger share than any single change holds of different top-10 stablecoins, with Forbes noting that the holdings embrace each Binance-controlled wallets and buyer balances, though it stays unclear how a lot belongs to the change itself.
World Liberty Monetary, a crypto enterprise backed by a number of members of President Donald Trump’s household, launched the token in March 2025, with CZ among the many first to publicly share the information.
Trump can also be listed as co-founder emeritus, and several other entities affiliated with him are entitled to a big share of proceeds from the undertaking’s governance token, WLFI.
The custody focus drew criticism from unbiased researcher Molly White, who informed Forbes it creates a “theoretical danger” if belongings change into tied up in authorized or operational disputes. Corey Frayer, a former adviser to the SEC chair, went additional, questioning whether or not USD1 was designed to perform as a broad stablecoin in any respect.
Nevertheless, Zhao answered on social media, writing,
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“Binance (customers) maintain the biggest % of most stablecoins (USDT, USDC, USD1, U … you identify it) in comparison with all different CEXs. Not information.”
The backlash across the token sits inside wider scrutiny of Zhao and Binance. The previous CEO obtained a presidential pardon in October 2025 after pleading responsible in 2023 to compliance failures tied to anti-money laundering controls.
His legal professional mentioned in a November 2025 interview that the case was regulatory in nature and rejected claims of political favors.
A Sample of FUD and Market Actuality
The dialogue can also be occurring amid what CZ and Binance executives are describing as a coordinated marketing campaign of worry, uncertainty, and doubt (FUD).
Earlier within the month, Zhao uncovered a pretend social media account with 863,000 followers that used AI-generated photographs of him to first pose as a supporter after which unfold damaging sentiment. Moreover, a separate AI evaluation report alleged and “intentionally organized and coordinated smear marketing campaign” in opposition to the change.
Market information suggests Binance’s dominance extends far past one stablecoin, particularly contemplating {that a} CryptoQuant report from January confirmed Binance captured 41% of spot buying and selling quantity and 42% of Bitcoin perpetual futures quantity amongst high exchanges in 2025.
In accordance with the report, the change additionally held 72% of the mixed USDT and USDC reserves on main platforms, a context that helps Zhao’s argument that enormous consumer holdings on the change are typical.
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