🚨 Binance and the Dominance of USD1: Efficiency or Centralization Risk?
A recent report from Forbes reignited the debate about the concentration of power in the crypto ecosystem. Binance currently controls approximately 87% of the circulating supply of USD1, the stablecoin from World Liberty Financial, associated with the Trump family. 📊
We are talking about $4.7 billion under the custody of a single platform, raising crucial questions:
🔍 Points of Attention:
⚖️ Political Impact: The scenario takes on complex contours following the presidential pardon granted to Changpeng Zhao (CZ) in October 2025. The proximity between major market players and political power generates debates about ethics and transparency.
📈 Incentives and Capital: The dominance has been driven by aggressive strategies, such as the $40 million airdrop in WLFI tokens and the $2 billion investment from the MGX fund (Abu Dhabi), fully liquidated in USD1 via Binance.
⚠️ Systemic Risk: While Binance holds between 10% and 20% in other stablecoins, the 87% in USD1 creates an operational dependency that worries analysts and regulators, such as Senator Elizabeth Warren.
🛡️ The Other Side of the Coin
CZ and the Binance board argue that this concentration is a natural consequence of the exchange's absolute leadership in the global market. For many users, the platform provides the security and liquidity necessary for large-scale assets.
The big question for 2026 is: To what extent does centralization aid in mass adoption, and where does it begin to hurt the principles of decentralization? 🏛️🌐
What is your view on this movement? Master strategy or a point of attention for the investor? Leave your opinion in the comments! 👇
