USD1 Terms

Reporting cited here

1. documented

   The foreign transaction path and the scale of the reserve are documented. The $2 billion was investment principal paid to Binance rather than WLF revenue, and public evidence does not establish how reserve yield or fees were allocated to WLF or to Trump.

   Issuer definition; reserve custody; user interest and return provisions

   Foreign Capital Through USD1 — Audit finding · Cited analysis

2. reported

   MGX announced that it would use USD1 to settle a $2 billion investment in Binance.

   Issuer definition; reserve custody; user interest and return provisions

   Foreign Capital Through USD1 — The record · The record

3. documented

   BitGo's current USD1 terms identify BitGo as the issuer, require segregated reserve assets for USD1 users and state that users are not entitled to reserve interest or returns.

   Issuer definition; reserve custody; user interest and return provisions

   Foreign Capital Through USD1 — Affected group · Affected group