Trump’s USD1 Stablecoin to Back MGX’s $2B Binance Investment

The post Trump’s USD1 Stablecoin to Back MGX’s $2B Binance Investment appeared first on Coinpedia Fintech News

At Token2049 in Dubai, Eric Trump announced that the Trump family’s World Liberty Financial USD stablecoin (USD1) has been selected as the official stablecoin for MGX’s $2 billion investment in Binance. Earlier this year, Abu Dhabi-based MGX revealed its plans to acquire a $2 billion stake in Binance. Trump also shared that the USD1 stablecoin issued by WLFI will be natively launched on the Tron blockchain, expanding its presence in the digital asset ecosystem.