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Binance CEO Denies Role in Trump Family’s $2B Stablecoin Deal

November 5, 2025
Binance CEO Richard Teng denied any involvement in choosing the Trump family-linked stablecoin USD1 for a $2B deal with Abu Dhabi-based MGX, amid political scrutiny over former CEO Changpeng “CZ” Zhao’s pardon and lobbying efforts tied to the transaction. U.S. senators are seeking clarification on how the pardon affects DOJ accountability.