Binance CEO Richard Teng denied reports that the exchange influenced a Trump-linked stablecoin’s value before former CEO Changpeng Zhao’s pardon. Teng stated Abu Dhabi’s MGX decided to use the USD1 stablecoin for its $2 billion investment in Binance, not Binance itself. Allegations suggest Binance aided USD1’s development and listing, benefiting World Liberty Financial and potentially influencing Zhao’s pardon.
