MGX

The Trump family’s new stablecoin was reportedly used for a $2 billion investment into Binance by Abu Dhabi’s MGX.
As Bloomberg News reported Thursday (May 1), the actual investment happened in March, though the stablecoin in question was not disclosed.
Zach Witkoff, co-founder of World Liberty Financial — the Trump family digital asset operation — said Thursday that Binance and MGX will use World Liberty’s USD1 stablecoin for the deal.
“We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance. We thank MGX and Binance for their trust in us,” Witkoff said on a panel at the Token2049 conference in Dubai, where he was joined by Eric Trump, son of the president.
Although USD1 has not yet been listed on centralized cryptocurrency exchanges for trading, the coin has a market value of around $2.1 billion, Bloomberg added, citing CoinGecko data.
World Liberty announced plans to launch the USD1 coin in March, part of a string of crypto-related ventures tied to the Trump family.
Days earlier, Trump Media, owner of the president’s Truth Social platform, announced it was teaming with Crypto.com to launch a series of exchange traded funds (ETFs).
Eric Trump and Donald Trump Jr. are also backing American Bitcoin Corp., which will focus on Bitcoin mining and “strategic bitcoin reserve development.”
The Trump-connected companies are increasing their exposure to digital assets as the president lobbies to make the U.S. a more crypto-friendly environment. Since taking office earlier this year, Trump has taken measures like signing executive orders calling for the creation of a national bitcoin reserve, and hosting a gathering of crypto execs at the White House.
There’s also a push among congressional Republicans to advance stablecoin legislation. As PYMNTS wrote earlier this week, the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act has emerged as a beacon of hope for crypto companies seeking clarity. If signed into law, it would become the first comprehensive framework in the United States for regulating stablecoins.
“There’s certainly a change in how the administration views the digital assets industry,” Dan Boyle, partner at Boies Schiller Flexner, said in a recent interview with PYMNTS. “This is not a confrontational posture.”
Interest in stablecoins is increasing as federal agencies, including the Securities and Exchange Commission, Federal Deposit Insurance Corporation and the Federal Reserve, work to clarify their positions, rolling back or softening earlier warnings and paving the way for further integration of crypto assets into the mainstream financial system.
“I think the largest banks will succeed as stablecoin issuers,” former Assistant Secretary of the Treasury Amias Gerety told PYMNTS in March.
#Mastercard #StablecoinPayments #Stablecoins #MGX #exchange

$USDC

The crypto market has just witnessed a historic event as MGX, a technology and AI investor based in Abu Dhabi, pumped 2 billion USD into Binance. This is not only one of the largest investments in the history of digital finance, but also the largest cryptocurrency transaction ever made using stablecoins.
So why did MGX decide to invest in Binance? This investment marks a significant turning point in the blockchain and DeFi space, bringing substantial impacts to Binance in particular and the crypto market in general.

The largest cryptocurrency exchange in the world, Binance, has received $2 billion from MGX, an Abu Dhabi-based investment group. In its eight-year history, this is Binance's first institutional investment and MGX's first entry into the cryptocurrency space. The transaction used stablecoins, demonstrating the growing institutional interest in blockchain technology and digital currency. Binance has not disclosed the stablecoin used in the transaction.
Who are MGX?
Artificial intelligence, data centers, and sustainable energy are some of the cutting-edge technologies in which MGX specializes. The company owns a small portion of Binance and views this investment as a step toward the financial integration of blockchain and artificial intelligence. According to Binance CEO Richard Teng, the deal would improve user protection, security, and compliance while fortifying the digital finance ecosystem.
Optimism about the future
MGX CEO Ahmed Yahia expressed optimism about blockchain's future and its potential impact on digital currency. He made the point that as institutional use grows, so too will the demand for scalable and secure blockchain solutions. Teng also underlined how important it is for Middle Eastern regulatory bodies, like VARA, to keep an eye on the cryptocurrency industry.
Effect on the market
The investment news had an immediate effect on the market, as Binance's native cryptocurrency, BNB, briefly rose 3% to $574 before leveling off at $550. The market has been erratic overall, with concerns about a global recession and trade disputes affecting asset values.
However, economists predict an economic recovery as industrial production rises and liquidity improves, supported by the U.S. manufacturing Purchasing Managers' Index (PMI) going positive for the first time in over two years.
Binance’s presence in the UAE
With 1,000 of its 5,000 global employees based there, Binance has a sizable presence in the United Arab Emirates. The way the nation controls digital assets has helped the company. Last year, Dubai's Virtual Assets Regulatory Authority (VARA) awarded Binance FZE, its Dubai subsidiary, a Virtual Asset Service Provider (VASP) license, allowing it to provide trading services throughout the United Arab Emirates.
Meanwhile, its Abu Dhabi subsidiary has been authorized to provide custody services by the Abu Dhabi Financial Services Regulatory Authority.
Venture capital activity is booming
At the time of this investment, venture capital activity in the bitcoin industry is booming. In February alone, 137 cryptocurrency companies raised $1.11 billion. According to PitchBook, the industry raised $13.6 billion in 2024 and could raise over $18 billion this year. This expansion is primarily driven by changes in U.S. regulations and expectations of improved financial conditions. As regulatory clarity increases, Deng Chao, CEO of HashKey Capital, has predicted more institutional investments.
And so is Binance
Currently, Binance boasts a total trade volume of over $100 trillion and over 260 million registered users. According to CoinMarketCap, its platform contains 466 cryptocurrencies. The company is considering changing its listing process in response to the meteoric rise of cryptocurrencies in the last 12 months.
A rise in investment from venture capital
It appears that 2025 will be a fantastic year for venture capital transactions involving cryptocurrencies. The TIE reports that 137 cryptocurrency companies raised $1.11 billion in funding in February.
After raising a total of $13.6 billion in 2024, cryptocurrency companies are expected to raise over $18 billion this year, according to PitchBook. That increase is mostly due to the expectation of improved funding conditions and advantageous regulatory developments in the US.
Why MGX Chose Binance?
With the biggest market share among all the cryptocurrency exchanges worldwide, Binance positions itself as the most compliant, safe, and trustworthy one. It even exceeds the total trade volume of most other exchanges with 260 million users and reaching almost $100 trillion overall.
This not only highlights the industry leader's leadership of the crypto revolution but also shows MGX's relentless attention to create blockchain-based solutions fit for distributed finance (DeFi), artificial intelligence (AI), and tokenizing of the digital economy.
Defining the future of finance
Managing director and CEO of MGX Ahmed Yahia remarked that MGX's investment in Binance reflects their confidence in using the power of blockchain in defining the future of finance. Levels of institutional adoption are rising, and the demand for scalable, compliant, and safe blockchain solutions and infrastructure is never stronger.
By being the first to innovate in exchange and tokenization technologies as well as making breakthroughs in staking and payment solutions, Binance has historically led the way with regard to innovations in cryptocurrencies. By means of this alliance, the two companies aim to create a more inclusive and healthy digital finance environment.
A milestone for the crypto sector
Richard Teng of Binance said that this fund raise for MGX is a milestone for the crypto sector and for Binance. Driven by same goals and objectives, they are resolved to shape the direction of digital finance.
The two companies are dedicated to create a more inclusive and sustainable future by means of unyielding security, safety, and regulatory compliance for our users. Relentless in their will to cooperate with authorities all around to create open, ethical, and progressive rules for the cryptocurrency sector. Ongoing security and compliance investments are essential to our vision of building a secure and trusted digital financial marketplace.
Binance's regulatory approach was totally transformed under the leadership of Richard Teng, the former CEO of the esteemed Abu Dhabi Financial Services Authority. Teng was instrumental in creating one of the earliest cryptocurrency regulatory frameworks ever put into place.
The return of cryptocurrency
Many people expect a crypto renaissance, partly because of the new White House administration. Given that President Donald Trump last week issued an executive order establishing a strategic bitcoin reserve in the United States, most people expect a major reduction in regulation in the cryptocurrency industry.
That could help venture capital in the sector, which has somewhat stabilized recently. Crunchbase data indicates that last year, $8.5 billion was invested in the Web3 sector, which includes blockchain and cryptocurrencies. This amount is similar to the $8.2 billion that was invested in 2023.
#MGX #Binance

#MGX , a newly emerged investment fund from #AbuDhabi , has invested $2 billion in Binance—marking the largest institutional investment in a crypto company and the biggest-ever deal paid in stablecoins. 👀

Backed by Sheikh Tahnoun bin Zayed Al Nahyan, MGX is making waves in global tech investments, including Stargate, a U.S. government-linked project. Their ambitions are massive, and this is just the beginning. 🚀

Binance, the world’s largest cryptocurrency exchange, has secured a $2 billion investment from MGX, an Abu Dhabi-based AI and technology investor. This marks the largest-ever investment in a crypto company, the biggest investment paid in stablecoin, and Binance’s first institutional backing.
This strategic partnership strengthens Binance’s position as the industry leader, with over 260 million users and $100 trillion+ in cumulative trading volume. MGX, entering the blockchain sector for the first time, aims to drive AI-powered blockchain solutions, DeFi, and tokenized digital finance.
Ahmed Yahia, CEO of MGX, emphasized their commitment to secure, compliant, and scalable blockchain infrastructure, while Binance CEO Richard Teng highlighted the investment’s role in building a more inclusive and sustainable digital finance ecosystem.
Binance employs 1,000 of its 5,000 staff in the UAE, a hub for progressive crypto regulations. This deal reinforces Binance’s commitment to compliance, security, and user protection, ensuring a trusted and transparent digital finance future.
#Binance #MGX