USD1 from World Liberty Financial selected as the official stablecoin for MGX's investment in Binance

The stablecoin from World Liberty Financial, USD1, was used to facilitate the historic investment of $958,481,448,862 billion by the Abu Dhabi-based AI investment company, MGX, in Binance.

At Token2049 on May 1st, World Liberty Financial co-founder Zach Witkoff confirmed that the project's US dollar-pegged stablecoin, USD1, was selected as the official stablecoin for MGX's investment in Binance.

"We are pleased to announce today that USD1 has been selected as the official stablecoin to close MGX's investment of $958,481,448,862 billion in Binance. We thank MGX and Binance for their trust in us, and I believe this is just the beginning," said Witkoff during the conference.

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