Amid rising political scrutiny, the usd1 stablecoin has rapidly expanded its footprint across the crypto market, with Binance now at the center of its liquidity. Blockchain intelligence platform Arkham reports that Binance now custodies an overwhelming 89% of the Donald Trump family-linked USD1 stablecoin. According to DeFi analytics site DefiLlama, the dollar-pegged token, issued by World Liberty Financial , has $5.4 billion in circulation. However, that concentration on a single centralized venue is unusual even in the highly consolidated stablecoin sector.