Tron founder Justin Sun has announced a series of high-profile developments on the Tron Network in a bold move that brings together crypto, politics and key platforms. The event includes the launch of Trump projects, USD1 Stablecoin, and the Binance-Linked Initiative. In his X post, Sun added that more updates will be rolled out besides the release.
This week only: Tron's Trump, Tron's USD1, Tron's Vinanence Alpha.
It'll be even bigger next week!
– He is Justin Sun (@justinsuntron) July 11, 2025
Binance tied to Trump-bonded Stablecoin USD1
Binance is said to have developed the smart contract infrastructure for USD1, a stablecoin published by World Liberty Financial, which is reportedly connected to President Donald Trump's family. Sources said the development has invested $2 billion by UAE-based company MGX.
Furthermore, blockchain data revealed that around 90% of the total supply of $2 billion USD1 is held in Binance Wallet. Official Token documents say the Trump family could receive up to $30 million a year from the interest earned on USD1 reserve assets. Binance claims that USD1 was listed through standard procedures, while still keeping its distance from political influence. The exchange pointed out that former CEO Changpeng Zhao's request for pardon is a personal issue that is unrelated to corporate operations.
Related: Trump-linked USD1 stubcoin reaches $2.1 billion cap and reaches the Binance list of land
Zhao's legal history raises ethical issues
Zhao, who resigned from CEO position after pleading guilty to a money laundering violation, confirmed that he would send a request for pardon to the president. In particular, Zhao's request was filed after Trump released Ross Ulbricht, the mastermind behind the Silk Road.
According to Bloomberg, the pardon was pursued, but Zhao is said to have supported the Trump-linked crypto project and elicited concerns from ethics authorities. Richard Painter, former chief ethics lawyer under President George W. Bush, said the situation raises unprecedented concerns over the dispute between public office and personal financial interests.
Meanwhile, stubcoins like USD1 continue to gain traction in facility finance. According to Binance Research, these tokens currently play a dominant role in the volume of global transactions due to their price stability and widespread adoption. USD1's involvement in large transactions, including a $2 billion MGX transaction, underscores its growing importance.
Related: Justinsan's “Transtates” drives Tron's $1.8 billion deal, surpassing Alibaba's $11.9 billion
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