US EditionBinance CEO Denies Allegations Company Pushed Trumps’ Stablecoin: Report
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11 Articles
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Richard Teng, CEO of Binance, breaks the silence: in the face of rumours of a collusion with Donald Trump's stable USD1, he strongly denies. Between presidential graces and cryptic stakes, this affair reveals the behind the scenes of a sector under tension. Is the truth finally revealed? Read more Binance's CEO responds to the accusations about using the USD1 stablecoin appeared first on Cointribune.
Beyond his list on the platform, Teng denied that there were links between the exchange and the Trump family because of the arrival of USD1 in the service, nor with the use of the stablecoin in agreement with MGX. *** Richard Teng stated that Binance did not participate in the decision to use the token USD1 in the transaction. The agreement with MGX, by Abu Dhabi, was announced in March and raised suspicions after the pardon to CZ. U.S. legislat…
Binance Distances Itself From $2B Deal Using Trump’s Stablecoin
Teng Rejects Allegations of Involvement Richard Teng, chief executive of Binance, denied claims that the exchange played any part in choosing USD1 — a stablecoin launched by the Trump family’s World Liberty Financial — for a $2 billion transaction with Abu Dhabi-based firm MGX. The comments were made in an interview reported by CNBC on Tuesday. “[T]he usage of USD1 [for the] transaction between MGX as a strategic investor into Binance, that was …
Cointelegraph
Cryptocurrency News | Cryptocurrency Prices | Market CapBinance CEO denies allegations company pushed Trumps’ stablecoin: Report
Binance CEO Richard Teng spoke to CNBC to address allegations of “pay to play” politics after US President Donald Trump pardoned Changpeng Zhao.
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