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

PANews reported on February 10 that, according to Forbes' analysis of data 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 that for other cryptocurrencies, and that it is common for large exchanges to hold significant amounts of specific tokens. Furthermore, Binance stated that Changpeng Zhao's pardon is unrelated to the promotion of USD1. World Liberty Financial stated that such promotions are standard practice and denied that Binance could exert influence over them. The White House press secretary stated that Trump has never had and will never have a conflict of interest.