🪙 Trump-Linked Stablecoin Facilitates $2 Billion Investment in Binance

Abu Dhabi-based investment firm MGX has utilized USD1, a stablecoin launched by World Liberty Financial—a crypto venture associated with the Trump family—to settle a $2 billion investment in Binance, the world's largest cryptocurrency exchange. USD1 is pegged to the U.S. dollar and backed by U.S. Treasuries and cash equivalents. Eric Trump announced this development at the TOKEN2049 conference in Dubai, marking a significant move in the crypto investment landscape.

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💼 Trump's Deepening Involvement in Cryptocurrency

President Donald Trump has shifted from being a crypto skeptic to a prominent advocate. His administration has taken steps to deregulate the crypto industry, including efforts to dismiss lawsuits against major exchanges like Coinbase and Binance. Trump has also launched his own cryptocurrency, $TRUMP, and established a strategic Bitcoin reserve for the U.S. government. These actions have raised concerns about potential conflicts of interest and the intertwining of political influence with personal financial gains. $TRUMP #BinanceAlphaAlert