Abu Dhabi-backed MGX chose Trump's USD1 for a $2 billion Binance deal
World Liberty co-founder Zach Witkoff announced that USD1 would be the official stablecoin used to close MGX's investment in Binance.
Entities and roles
- Donald J. TrumpWorld Liberty co-founder emeritus and family-business principal
- MGX Binance investment settled with USD1foreign state-backed crypto transaction
Claims and evidence
- factreported
A co-founder of the Trump-family crypto venture World Liberty Financial announced that Abu Dhabi-backed MGX would use $2 billion in its USD1 stablecoins to close an investment in Binance.
- Kitco News: Trump's stablecoin chosen for $2 billion Abu Dhabi investment in BinanceMay 1, 2025 announcement of USD1 settlement mechanism