Abu Dhabi's MGX investment firm plans to utilize a stablecoin associated with US President Donald Trump's family to finalize a $2 billion investment in Binance, the world's largest cryptocurrency exchange. The World Liberty Financial USD (USD1) stablecoin, pegged to the US dollar, was introduced by the Trump-affiliated crypto platform World Liberty Financial (WLFI) in March 2025. Eric Trump, the president's son and executive vice president of the Trump Organization, disclosed this decision during a Token2049 event in Dubai. This move signifies MGX's initial foray into the crypto realm and marks the first institutional investment in Binance. Eric Trump also criticized the inefficiencies of the traditional financial system, highlighting the advantages of crypto transactions over SWIFT payments. The shift towards digital assets is seen as a significant step in the evolving financial landscape. Read more AI-generated news on: https://app.chaingpt.org/news