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Binance CEO Richard Teng has dismissed claims that the cryptocurrency exchange helped boost a Trump-backed stablecoin before former CEO Changpeng Zhao received a presidential pardon.

The claims in question relate to a $2 billion investment Binance received from Abu Dhabi's state-owned investment firm MGX. The deal was settled using USD1 , a stablecoin created by the Trump family's crypto venture, World Liberty Financial.

MGX's investment and Binance's subsequent listing of USD1 on its exchange helped bolster the stablecoin's usage and credibility , with some lawmakers and reports suggesting this may have influenced the pardon of Zhao, commonly known as CZ.

However, in a CNBC interview on Monday, Teng r

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