Story Highlights
- Trump’s World Liberty reportedly explored a stablecoin partnership with Binance.
- Binance and World Liberty allegedly discussed U.S. dollar stablecoin.
- CZ denies Binance’s involvement in Trump’s crypto project.
The Trump family’s project, World Liberty, reportedly discussed a possible partnership with Binance, a major cryptocurrency exchange. According to a Bloomberg report, the two parties considered launching a U.S. dollar-supported stablecoin.
The extent of these talks remains uncertain due to missing details about their progress as well as their likelihood to result in any business transactions. Personnel sharing information about these talks on the record indicated Binance and World Liberty explored stablecoin collaboration. World Liberty made its debut under Donald Trump and his sons in September 2024. Official documents prove that Trump family members gain 75% of the project’s total net revenue stream.
CZ, the former Binance CEO, reportedly met Steve Witkoff, who co-founded World Liberty and had been appointed by Trump as the Middle East envoy. He participated in Bitcoin MENA 2024 Abu Dhabi shortly after his halfway house stay to meet Steve Witkoff.
CZ Denies Ties to Trump’s World Liberty Project
CZ refuted all claims indicating his involvement with the World Liberty Project. On his X account, CZ denied that Binance maintains any professional collaborations with World Liberty and the identified persons in the published reports. He also criticized Bloomberg for releasing information that he labeled as speculative rather than substantiated by evidence.
Crypto enthusiasts and industry professionals closely follow the development of this situation at present. A link between Binance and Trump’s family members would produce fundamental changes within the cryptocurrency industry. The development of a stablecoin by Binance for World Liberty might have triggered both national regulations and U.S. governmental oversight.
Presently, there is no clarity about any upcoming agreement. However, the ongoing discussions and denials continue to fuel speculation in both the political and financial worlds.
