Trump’s World Liberty Financial At Token 2049: Tron, MGX, Binance, and More

The Trump family’s World Liberty Financial (WLFI) continues to make headlines, extending its reach in the crypto arena. Recent developments follow key announcements during Token2049 in Dubai.

Eric Trump made interesting revelations during the event, including integrations involving USD1 stablecoin.  

World Liberty Financial During 2049: What Users Need To Know

Speaking at the Token2049 event, Eric Trump announced the integration of World Liberty Financial’s USD1 stablecoin with Tron.

Trump’s DeFi venture launched the USD1 stablecoin only recently, commissioning it to promote dollar dominance. Short-term US treasuries and cash equivalents back the stablecoin.

Notwithstanding this integration, USD1 will be deployed as a TRC-20 token on the Tron blockchain. This would allow USD1 to leverage Tron’s high-throughput, low-cost blockchain for transactions, smart contracts, and DeFi applications.

Therefore, the integration expands USD1 stablecoin’s interoperability beyond BNB Smart Chain (BSC) and Ethereum.

Despite the gravity of this integration, the move is unsurprising given recent ties between World Liberty Financial and Tron founder Justin Sun.

As BeInCrypto reported, Justin Sun invested up to $30 million in the DeFi venture, effectively becoming the project’s largest investor. Following this investment, the project named him an advisor, emphasizing his role as a prominent figure in blockchain innovation.

Recent reports indicate that Justin Sun may attend President Trump’s exclusive dinner for top TRUMP holders next month. The speculation comes as Sun’s HTX cold storage wallet ranks first on the TRUMP leaderboard, adding social media posts to the mystery.

USD1 Stablecoin To Close $2 billion MGX-Binance Deal

Another interesting revelation during Token2049 is that World Liberty Financial’s USD1 is the choice stablecoin for MGX’s $2 billion investment in Binance.

In March, MGX, an Abu Dhabi sovereign wealth fund, committed to investing $2 billion in the Binance exchange using stablecoins.

“MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date. This is also the first institutional investment Binance has taken. Onwards,  Build!” wrote Changpeng Zhao (CZ), Binance founder and former CEO.

With USD1 ascending to become the choice stablecoin in this landmark investment, it points to growing adoption and legitimacy for the token.

The investment will see MGX secure a stake in Binance, becoming one of the first institutional investments in the world’s largest exchange.

Notably, this revelation comes only days after World Liberty Financial executives met with Changpeng Zhao in Abu Dhabi. They reportedly discussed standardizing the crypto industry and boosting global adoption efforts.

Meanwhile, amidst these revelations around the DeFi venture, data shows that USD1 stablecoin has exceeded $2 billion in market capitalization metrics.

USD1 Stablecoin market cap. Source: BeInCrypto

This positions it as one of the fastest-growing stablecoins since its March launch.