Trump’s World Liberty Financial Slams Bloomberg Report Over Alleged Binance Stablecoin

A recent Bloomberg report claimed that World Liberty Financial (WLFI), a blockchain project linked to the Trump family, was in talks with Binance to launch a U.S. dollar-backed stablecoin. It also alleged that Binance co-founder Changpeng Zhao Changpeng Zhao at Binance Changpeng Zhao, often known as CZ, is a Chinese-Canadian entrepreneur who co-founded Binance, one of the largest cryptocurrency exchanges by trading volume. He was born in 1977 in Jiangsu, China, and later relocated to Canada with his family. CZ studied computer science at McGill University in Montreal. In the early stage of his career, he worked in financial trading technology. He built trading systems for major platforms such as Bloomberg and the Tokyo Stock Exchange, gaining strong experience in high-speed trading infrastructure. Quick Facts: Field Details Full Name Changpeng Zhao Popular Name CZ Birth 1977, Jiangsu, China Nationality Chinese-Canadian Education Computer Science, McGill University Known For Co-founder of Binance Industry Cryptocurrency, Blockchain, Fintech Career Overview: CZ joined the cryptocurrency sector in 2013. During his early years, he worked for Bitcoin websites like Blockchain.com and OKCoin. In 2017, he co-founded Binance. The exchange debuted in July of that year and rapidly became the top cryptocurrency exchange by trading volume. Binance has grown far beyond traditional cryptocurrency trading over the years. The platform currently offers derivatives trading, staking services, and its own blockchain network called BNB Chain. Timeline of Events: 2010 - Worked in financial trading technology, gaining experience in high-frequency trading systems. 2015 - Founded BijieTech, a company focused on crypto-mining software. 2017 - Co-founded Binance and launched the exchange in July. 2021 - Binance expanded globally but withdrew its exchange application in Singapore due to regulatory challenges. 2022 - Binance invested $500 million in Elon Musk’s acquisition of Twitter. 2023 - Binance faced growing regulatory scrutiny across multiple regions. 2024 - Appointed strategic advisor to the Pakistan Crypto Council by the Ministry of Finance. 2025 - Became an advisor to Sadyr Japarov on digital-asset development in Kyrgyzstan. Notable Work & Achievements of Changpeng Zhao: Year Achievement Details 2018 Forbes Crypto Rich List Listed among the richest people in crypto with an estimated net worth of around $1–2 billion 2019 Binance.US Launch Binance expanded to the U.S. with a separate regulated platform 2022 Twitter Acquisition Investment Binance participated in financing Elon Musk’s takeover of Twitter 2024 Pakistan Crypto Council Advisor Helped guide national discussions on crypto regulation 2025 Kyrgyzstan Digital Asset Advisor Advised the Kyrgyz government on blockchain and digital-asset development EntrepreneurInvestorChief Executive Officer met WLFI co-founder Steve Witkoff at the Bitcoin MENA 2024 conference in Abu Dhabi.

The report quickly made waves in the crypto community, sparking speculation about WLFI’s potential partnership with Binance. But WLFI wasted no time shutting down the claims – taking to X to issue a fiery response, calling the report “politically motivated.”

So, what’s really going on here? Is this just another media vs. crypto clash, or is there more to the story? Let’s break it down.

WLFI Rejects Media Allegations

WLFI criticized major media outlets for what it called misleading reports about its business activities. It accused sections of the media of trying to damage the reputation of the cryptocurrency industry and suggested that the coverage was agenda-driven.

The project specifically called out Bloomberg and The Wall Street Journal for publishing what it described as unverified claims.

However, it did not mention which report triggered its response, nor did it reference Binance anywhere in its statement.

A Vague but Firm Response

Although WLFI avoided directly addressing the allegations, it highlighted its partnerships with leading blockchain projects. The post ended by advising followers to ignore “clickbait” and rely only on official WLFI updates for accurate information.

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WLFI’s Market Position and Performance

WLFI is a DeFi project associated with U.S. President Donald Trump and his family. It has a market cap of $78.9 million and holds assets like Ethereum, Tether, USDC, TRON, Wrapped Bitcoin, Chainlink, Ondo, Aave, Ethena, Movement, Sei, and more.

According to Arkham Intelligence, WLFI’s market cap has risen by 1.7% in the last 24 hours. In the same period, ETH gained 2%, WBTC 2.9%, LINK 5%, ONDO 4.3%, AAVE 6.8%, ENA 6.8%, MOVE 5.8%, and SEI 4.4%.

While WLFI insists the reports are false, Bloomberg stands by its claims, fueling the debate over media narratives and political influences in crypto.

Truth or spin? You decide.

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