Binance CEO Surfaces at Trump-Backed Crypto Forum Amid Stablecoin Chaos

Changpeng Zhao, the CEO of Binance, attended a crypto forum in Florida last week that was backed by former US President Donald Trump. The event brought together industry experts and enthusiasts for discussions on various topics, including stablecoins.

The USD1 stablecoin, a project closely linked to President Trump, faced significant issues when it lost its dollar peg due to what the developers claimed was an influencer-driven attack and shorting scheme. This caused ripples in the crypto market as investors grew concerned about the stability of their assets.