Patricia Kowsmann
speaker
22 appearances
1 recordings
1 series
first heard Aug 2025
last heard Aug 2025
Patricia Kowsmann’s voice in public audio — every appearance, attributed to the second.
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Yeah, so BankingSwap is an online trading platform, basically, where people can buy and sell cryptocurrencies.
And we have a company called World Liberty Financial, which is the crypto venture of the Trump family.
This company created a cryptocurrency called USD1, which is basically pegged with the U.S.
dollar.
What World Liberty did and PancakeSwap did were they announced a partnership to boost USD1's adoption.
And that happened in June.
And that partnership basically created incentives for people on the PancakeSwap platform to trade USD1 for other tokens.
Those included some projects that said they were created specifically with the intent of helping to increase the use of USD1.
So the result basically is that the trading volume of USD1 skyrocketed with this announcement and this partnership.
And the way World Liberty makes money out of the USD1 is that it basically invests the money back in the coin in things like government bonds and money market funds.
So the more USD1 is in circulation, the more it can invest and actually make money.
There are more than $2 billion of USD1 in circulation.
And based on our calculations, it can earn around $80 million a year.
based on the current interest rates.
So according to our reporting, PancakeSwap was created by Binance, which is the world's largest centralized crypto exchange, a few years ago.
So we have here PancakeSwap helping drive USD1 trading volumes.
And in parallel, we have reported and it's been public that Binance's founder, CZ, is seeking a pardon from President Trump.
It's important to note that CZ has kind of dismissed the connections between deals and a pardon.
Binance got into trouble.
back in 2023 for basically very relaxed or almost non-existent anti-money laundering controls at the exchange.
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