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#Major Investment: Trump-Linked Stablecoin Facilitates $2B Binance Deal
Abu Dhabi-based investment firm MGX is set to acquire a $2 billion minority stake in Binance using USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. This transaction, announced at the TOKEN2049 conference in Dubai, underscores the growing ties between Binance and the UAE. World Liberty Financial, involving Trump and his sons, positions USD1 as a fully backed, dollar-pegged stablecoin. The deal has sparked ethical concerns due to potential conflicts of interest and Binance's prior legal issues in the U.S.
#trumplinked
Abu Dhabi-based investment firm MGX is set to acquire a $2 billion minority stake in Binance using USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. This transaction, announced at the TOKEN2049 conference in Dubai, underscores the growing ties between Binance and the UAE. World Liberty Financial, involving Trump and his sons, positions USD1 as a fully backed, dollar-pegged stablecoin. The deal has sparked ethical concerns due to potential conflicts of interest and Binance's prior legal issues in the U.S.
#trumplinked
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