Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance

Reporting cited here

1. reported

   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.

   May 1, 2025 announcement of USD1 settlement mechanism

   Abu Dhabi-backed MGX chose Trump's USD1 for a $2 billion Binance deal · Transaction mechanism announced

2. documented

   The foreign transaction path and the scale of the reserve are documented. The $2 billion was investment principal paid to Binance rather than WLF revenue, and public evidence does not establish how reserve yield or fees were allocated to WLF or to Trump.

   Transaction structure and parties

   Foreign Capital Through USD1 — Audit finding · Cited analysis

3. reported

   MGX announced that it would use USD1 to settle a $2 billion investment in Binance.

   Transaction structure and parties

   Foreign Capital Through USD1 — The record · The record

4. reported

   MGX identifies Sheikh Tahnoon as its board chair, while Reuters reported that MGX would use $2 billion of World Liberty Financial's USD1 to close its Binance investment.

   Tahnoon-chaired MGX selects USD1 for the Binance investment · Tahnoon-chaired MGX selected USD1 for the $2 billion Binance investment

5. reported

   Reuters reported that World Liberty co-founder Zach Witkoff announced that Abu Dhabi-backed MGX would use $2 billion of USD1 stablecoins to close its investment in Binance.

   Zach Witkoff announces USD1 for MGX's $2 billion Binance investment · USD1 named as settlement asset for MGX's $2 billion Binance investment

6. reported

   CBS reported that sources said Binance donated software used by World Liberty Financial and described the later $2 billion MGX investment settled with USD1 before Trump's pardon of Zhao. Counsel for Zhao and Binance denied providing technical support, personnel, or other resources; WLF counsel said Binance supplied freely available software only to save development time and said WLF neither contacted Trump about Zhao nor played a role in the pardon. AP separately reported Zhao's lawyer denied any link or quid pro quo between Binance's Trump-family business and the pardon.

   Reporting examines Binance-WLF support and USD1 links before Zhao's pardon · Pardoned October 21, 2025; Binance-WLF technical-support accounts remain disputed