What Forbes Reported About USD1

A new Forbes report says Binance accounts for roughly 87% of the supply of the Trump family–linked stablecoin USD1 (including Binance-controlled wallets and Binance users’ balances).

That would make it one of the most exchange-concentrated distributions among major stablecoins.

•This describes where tokens are held/custodied, not necessarily who “owns” them.

•Stablecoin balances on exchanges can change fast due to market-making, incentives, treasury movements, deposits/withdrawals, and redemptions.

•Concentration can matter for liquidity, counterparty exposure, and market perception, depending on how the stablecoin is used.