Stablecoin

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<div class="key-points-section"> <strong>Key Takeaways:</strong> 
 <ul> 
  <li>CZ objects to Bloomberg's USD1 stablecoin claims.</li> 
  <li>Reported as a competitor's funded hit piece.</li> 
  <li>No on-chain proof linking USD1 to Binance.</li> 
 </ul> 
</div> 
<figure class="wp-block-image aligncenter size-large"> <a href="https://coinlineup.com/wp-content/uploads/2025/07/cz-considers-lawsuit-against-bloomberg.jpg">  </a> 
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  Binance's CZ May Sue Bloomberg Over Trump Stablecoin Claims
 </figcaption> 
</figure> 
<section> 
 <p>Changpeng Zhao (CZ), former CEO of Binance, is contemplating suing Bloomberg following the publication's report linking Binance with a Trump-associated stablecoin.</p> 
</section> 
<section> 
 <p>Binance's potential legal battle with Bloomberg highlights media accountability and misinformation in cryptocurrency. CZ denies involvement with the USD1 stablecoin.</p> 
</section> 
<section> 
 <h2 id="the-alleged-association">The Alleged Association</h2> 
 <p>The controversy arises from Bloomberg's report alleging Binance's association with <a href="https://example.com">USD1, a stablecoin</a> linked to Trump initiatives. CZ refutes these claims, calling the report a "hit piece" and denying any ties to the stablecoin's development or financial operations. As CZ stated, <em>"Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don't even know where to begin. Might have to sue them again for defamation."</em></p> 
</section> 
<section> 
 <h3 id="potential-legal-action">Potential Legal Action</h3> 
 <p>Changpeng Zhao expressed his intention to pursue legal action against Bloomberg for alleged defamation. The disputed Bloomberg article suggested Binance's involvement in a $2 billion deal using USD1, yet CZ firmly stated Binance did not partake in the USD1 smart contract or revenue generation.</p> 
</section> 
<section> 
 <p>The report also mentioned that over 90% of USD1 tokens reside in Binance wallets, claims CZ disputes, mentioning <strong>no supporting evidence</strong>. This situation underlines challenges in distinguishing <strong>fact from speculation</strong> in the crypto industry.</p> 
</section> 
<section> 
 <p>The allegations from the Bloomberg report have caused unease among investors and traders. While CZ refutes these claims, no <strong>official reports from regulators</strong> or financial institutions substantiate the connection between Binance and USD1. This <strong>incident underscores the need for</strong> clear communication in cryptocurrency dealings.</p> 
</section> 
<section> 
 <h2 id="broader-implications">Broader Implications</h2> 
 <p>The potential legal ramifications of CZ's lawsuit against Bloomberg could bring further scrutiny to crypto journalism. The <strong>accuracy of such reports</strong> is vital for maintaining market integrity and trust. Historical legal actions between Binance and Bloomberg show the ongoing tension between major crypto entities and the media.</p> 
</section> <a href="https://coinlineup.com/binance-cz-threatens-legal-action-bloomberg/">Read original article on coinlineup.com</a>

Binance's CZ May Sue Bloomberg Over Trump Stablecoin Claims

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