At TOKEN2049 Dubai, Eric Trump announced that USD1, a dollar-backed stablecoin from World Liberty Financial (WLFI), will be used to close a $2 billion investment in Binance by Abu Dhabi’s MGX.
USD1 will also integrate with the TRON blockchain, backed by Justin Sun, combining big finance, politics, and crypto. Trump emphasized that USD1 is backed by short-term U.S. Treasuries and aims for transparency and global usability.
WLFI co-founder Zach Witkoff teased wider adoption across DeFi, CeFi, and retail, making USD1 a potential stablecoin leader.
This major announcement signals a new era of institutional crypto finance, stablecoin regulation, and global blockchain expansion.
