Binance holds about 87% of USD1, the stablecoin issued by a Trump family crypto venture"a greater concentration than any other major stablecoin has at a single exchange"underscoring the depth of the financial relationship between Binance, whose founder Trump pardoned in October, and World Liberty Financial, which already has added an estimated $1 billion to President Donald Trump's net worth. Binance is prohibited from serving U.S. customers under the terms of its 2023 settlement with the Treasury Department, meaning if the rules are properly followed, the 87% of USD1 kept in Binance-controlled wallets would mostly be held on behalf of customers outside the United States.