The programmers of the largest cryptocurrency book of the world Binance wrote the source code for the USD1 stablecoin, launched by the World Liberty Financial crypto project, associated with the US President Donald Trump. This was reported by Bloomberg with reference to informed sources.

Cryptian specialists developed a smart contract that managed the token emission, the interlocutors of journalists said. However, cooperation was not publicly announced, writes Bloomberg.

In the spring, the USD1 stabilcoin was used in a transaction for $ 2 billion, when the MGX investment fund from the United Arab Emirates (UAE) acquired a share in Binance, the agency reminded.

More than 90% of USD1 issued (about $ 2 billion) are stored on the exchanges. These funds are placed and bring interest income. At least $ 30 million per year from this amount can come to the Trump family, Bloomberg experts say.

The representative of the world’s largest crypto -story -Russian agent told Bloomberg that the token went through the “standard listing procedure, like other assets” and did not comment on information about the participation of the site specialists in its technical development.

Journalists do not know whether Binance received any reward from World Liberty. The representative of the crypto project, in response to the agency’s request, called his allegations “insolvent and politically motivated”.

After the US President’s post, Trump softened the cryptocurrency policy, and the US Securities and Exchange Commission (SEC) in May withdrawn a lawsuit against Binance, filed under the previous White House administration, drawn the attention of Bloomberg.

Earlier, Bloomberg experts said that the US Presidential Family Family Cryptoprojects increased the state of Trump by at least $ 620 million. The main sources of profit was the World Liberty Financial project and Trump Memcoin.