According to Forbes, Binance holds $4.7 billion of the $5.4 billion USD1 supply, marking the highest concentration among top exchanges.
Forbes reports that Binance, one of the world’s largest cryptocurrency exchanges, controls approximately 87% of all USD1, the stablecoin associated with Trump-linked $WLFI. This translates to about $4.7 billion of the total $5.4 billion supply, representing the highest single-exchange concentration among the top 10 platforms. Such a large share raises questions about centralization risks and liquidity dependence on one exchange’s operations.