Binance is under scrutiny after a Forbes report revealed that the exchange controls approximately 87% of the USD1 stablecoin's circulating supply, amounting to $4.7 billion out of $5.4 billion. This concentration has sparked concerns about potential systemic risks and the centralization of stablecoins, especially given USD1's ties to World Liberty Financial, a venture linked to President Donald Trump and his family. Changpeng Zhao (CZ), Binance's founder, dismissed these concerns, stating that Binance's large holdings in various stablecoins are due to its scale as the largest exchange. CZ emphasized that the assets are primarily customer-owned, and such concentrations are typical in crypto markets. However, the political connections of USD1 and Binance's promotional activities have intensified the debate over the influence of exchanges on stablecoin distribution. Analysts warn that heavy concentration at a single exchange could pose risks, including counterparty exposure and market influence. Despite denials from Binance and World Liberty Financial regarding control implications, the situation has reignited discussions on whether stablecoins can remain neutral financial infrastructure amid centralized liquidity and user activity.