Binance currently holds approximately 87% of the circulation of USD1, a stablecoin launched by the Trump family to foster financial innovation linked to the stability of the U.S. dollar. This marks the highest level of concentration for any major stablecoin on a single exchange, underscoring Binance’s expanding role in the global crypto market as it enhances custody services for emerging stablecoins. This concentration is significant amid broader regulatory discussions concerning the market stability implications of concentrated stablecoin holdings.
Binance holds 87% of USD1 stablecoin, highest concentration at a single exchange
