CoinVoice has recently learned that, according to CoinDesk, Eric Trump, the son of U.S. President Trump, stated that the dollar-pegged stablecoin USD1 issued by World Liberty Financial (WLFI) has been officially selected as the stablecoin for MGX to complete its $2 billion investment in Binance.
Eric Trump stated at the Token2049 event in Dubai: 'We thank MGX and Binance for their trust, and I believe this is just the beginning.'
Earlier this year, Abu Dhabi-based investment company MGX invested $2 billion to acquire a stake in Binance. World Liberty Financial announced plans to issue a dollar-backed stablecoin in partnership with BitGo in March this year. [Original link]