A Fireblocks-labeled custody wallet on Solana transferred another 30 million USD1 to Binance over a 15-hour period, according to blockchain tracker Onchain Lens on Aug. 31. The sending address was identified as 9Rycov3U4efJf5HiqZYGjN7qJJHEtMsj4vbmkG4xfCxk; blockchain labels attribute it to Fireblocks Custody and the destination to Binance, though onchain data alone does not identify the beneficial owner or the transaction's purpose. The same wallet previously moved 28 million USD1 in three transactions over 21 hours, and later deposits brought the reported weekly total to 66 million USD1. If periods do not overlap, the combined moves would be about 96 million USD1 sent to Binance.
USD1 is a dollar-pegged stablecoin issued by World Liberty Financial, the crypto venture linked to U.S. President Donald Trump and his family. It already has close Binance ties: Abu Dhabi-backed MGX used $2 billion of USD1 to settle an investment in Binance in 2025, and Binance-controlled wallets and customer accounts have held nearly 87% of USD1 supply at one stage. Because USD1 is a stablecoin, deposits to Binance may reflect trading collateral, settlement or quote-currency liquidity rather than selling pressure; Binance offers a SOL/USD1 market. World Liberty says USD1 circulation has exceeded $4 billion.
The transfers coincide with a critical watchdog report. Consumer advocacy group Public Citizen estimated on Aug. 27 that five Trump-linked crypto products have left investors at least $4.7 billion underwater. The largest share comes from the $TRUMP meme coin, where the group cited Nansen and Bubblemaps to estimate that 65% to 82% of retail wallets that bought on decentralized exchanges are underwater, representing $3.2 billion to $4.5 billion in mostly unrealized losses. The WLFI governance token accounts for at least $1 billion, including roughly $1 billion in unrealized losses at AI Financial Corp, which built a $1.46 billion treasury now worth a fraction of that. Trump Media's digital-asset treasury, which bought more than $1 billion in bitcoin last year, carried a $450 million paper loss as of June 30. The Trump Digital Trading Cards NFT series has lost buyers a combined $9.3 million. Public Citizen found no losses in USD1 because it has held its dollar peg.
Public Citizen also calculated that Trump personally made at least $7.2 million from NFT royalties, $557 million from WLFI token sales, $635 million in TRUMP licensing fees, and roughly $199 million from USD1-related revenue, without putting his own capital into the ventures. The report points to Gulf state-linked investment, including a 49% stake in World Liberty Financial by a firm backed by Abu Dhabi deputy ruler Sheikh Tahnoon bin Zayed Al Nahyan, and notes Binance's substantial share of USD1 circulation. While the White House has said neither the president nor his family has engaged or will engage in conflicts of interest, Public Citizen says Trump retains ownership and control through a revocable trust. The report emerges as the Senate weighs the CLARITY Act, with the group urging provisions to bar the president, his family and senior officials from owning or profiting from digital assets they help regulate.
