World Liberty (WLFI) co-founders Zak Folkman and Zach Witkoff clarified their relationship with Binance in a recent podcast interview. They stated that WLFI and Binance do not have an equity partnership; their connection is driven solely by the demand for USD1. Users have independently paired USD1 with meme coins, prompting Binance to support the project by providing services based on demand.
Binance's involvement is limited to handling funds related to USD1, retaining them when demand is high, and potentially destroying or cashing out when demand wanes. WLFI's indirect collaboration with the Binance Smart Chain (BSC) ecosystem is primarily due to the use of USD1, reflecting the high activity level of its community.
Binance and WLFI Clarify Relationship Amid USD1 Demand
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