Binance’s expanding role in the circulation of USD1 is drawing attention across the crypto industry, after new data showed the exchange controls most of the stablecoin’s supply.
A Feb. 10 Forbes report found that Binance holds about 87% of all USD1 in circulation. That equals roughly $4.7 billion out of the token’s $5.4 billion total supply, based on data from Arkham Intelligence. The figure includes funds in Binance-controlled wallets and assets held in user accounts on the platform.
USD1 is issued by World Liberty Financial 
wlfi-2.33%World Liberty Financial, a crypto venture linked to the Trump family. An LLC affiliated with President Donald Trump owns about 38% of the company. Forbes estimates the project has already added around $1 billion to Trump’s net worth.
Most major stablecoins are spread across multiple exchanges and wallets. USD1 stands out because such a large share sits on a single platform. Analysts say this level of concentration is rare among top stablecoins by market value.
How Binance became central to USD1’s growth
Blockchain data shows Binance’s share of USD1 has risen steadily since late 2025, driven in part by aggressive promotions and partnerships.
In late January, Binance announced that USD1 holders would receive $40 million worth of World Liberty Financial’s WLFI token. Two days later, the company transferred about $40 million in WLFI to Binance. The campaign boosted trading activity and encouraged users to hold USD1 on the platform.
