Nov 2023 Binance and CZ plead guilty, $4B+ fine Mar 2025 Trump WLFI launches stablecoin USD1 Mar 2025 $2B investment into Binance by MGX May 2025 $2B investment was paid for in USD1 May 2025 CZ admits he applied for a pardon Oct 2025 CZ gets a pardon

RESULT: $USD1 is backed by treasuries, this yields ~$60-80m/year for WLFI so long as Binance doesn't redeem the $2B in USD1.