Binance CEO Richard Teng has dismissed claims that the cryptocurrency exchange helped boost a Trump-backed stablecoin before former CEO Changpeng Zhao received a presidential pardon. The claims in question relate to a $2 billion investment Binance received from Abu Dhabi’s state-owned investment firm MGX. The deal was settled using USD1, a stablecoin created by the Trump family’s crypto venture, World Liberty Financial. MGX’s investment and Binance’s subsequent listing of USD1 on its exchange helped bolster the stablecoin’s usage and credibility, with some lawmakers and reports suggesting this may have influenced the ... (full story)