🇺🇸 Trump-Linked Stablecoin Facilitates $2B Investment in Binance
.In a significant development, World Liberty Financial, associated with former U.S. President Donald Trump, has launched a stablecoin named USD1. This dollar-pegged stablecoin is fully backed by U.S. Treasuries and cash equivalents. Notably, Abu Dhabi-backed investment firm MGX is utilizing USD1 to channel a substantial $2 billion investment into Binance, the world's largest cryptocurrency exchange .
This move underscores the deepening ties between Binance and the United Arab Emirates, highlighting the UAE's growing prominence in the global crypto landscape. It also reflects the evolving stance of influential figures like Trump towards the cryptocurrency industry, signalling potential shifts in regulatory and investment dynamics.
