In a bold move that ties crypto, politics, and major platforms together, TRON founder Justin Sun announced a series of high-profile developments on the TRON network, all happening within the same week. The events include the launch of Trump-affiliated projects, the USD1 stablecoin, and a Binance-linked initiative. In his X post, Sun added that more updates will be rolling out, apart from the launches.
This week ONLY: Trump on TRON, USD1 on TRON, Binance Alpha on TRON.
Next week will be even bigger!
— H.E. Justin Sun ???? (@justinsuntron) July 11, 2025
Binance Tied to Trump-Linked Stablecoin USD1
According to a Bloomberg report, Binance allegedly developed the smart contract infrastructure for USD1, a stablecoin issued by World Liberty Financial, a company reportedly connected to President Donald Trumps family. Sources stated that this development led to the emergence of MGX, a firm based in the United Arab Emirates, that had invested $2 billion in Binance.
Further, blockchain data revealed that around 90% of USD1‘s total supply, valued at $2 billion, is held in Binance wallets. The token’s official documents state that the Trump family may receive up to $30 million annually from interest earned on USD1s reserves assets. Binance has claimed that USD1 was listed through its standard procedures, while distancing itself from political influence. The exchange noted that any pardon request by its former CEO, Changpeng Zhao, is a personal matter unrelated to corporate operations.
Zhaos Legal History Raises Ethical Questions
Zhao, who had stepped down from his CEO position after pleading guilty to anti-money laundering violations, confirmed sending a pardon request to the President. Notably, Zhaos request came in after Trump released Ross Ulbricht, the mastermind behind the Silk Road.
According to Bloomberg, the pardon was pursued while Zhao allegedly supported crypto projects linked to Trump, drawing concerns from ethics officials. Richard Painter, a former chief ethics lawyer under President George W. Bush, said the situation raises unprecedented concerns over conflicts between public office and personal financial gain.
Meanwhile, stablecoins like USD1 continue to gain traction in institutional finance. According to Binance Research, these tokens now play a dominant role in global transaction volume due to their price stability and broad adoption. USD1s involvement in large-scale deals, including the $2 billion MGX transaction, underscores its growing significance.
Related: Justin Sun‘s ’TronStrategy‘ Drives TRON’s $1.8B Trading, Outpacing Alibabas $1.19B
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