Binance CEO Richard Teng has dismissed claims that the cryptocurrency exchange helped boost a Trump-backed stablecoin before former CEO Changpeng Zhao received a presidential pardon. The claims in question relate to a $2 billion investment Binance received from Abu Dhabi's state-owned investment firm MGX. The deal was settled using USD1 , a stablecoin created by the Trump family's crypto venture, World Liberty Financial. MGX's investment and Binance's subsequent listing of USD1 on its exchange