#StablecoinPayments
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$World Liberty coin ⚡Stable coin USD1 will facilitate a $2 billion investment by MGX in Binance
Zach Witkoff, co-founder of WLFI, announced at the Token2049 conference in Dubai that the stable coin USD1 recently launched by World Liberty Financial (WLFI) will become the settlement currency for a $2 billion investment by MGX, based in Abu Dhabi, in Binance.✨
The decision to use USD1 for settlement has not been disclosed yet. This stable coin, which has not yet been listed on major centralized exchanges like Binance and Coinbase, quickly reached a value of $2.1 billion, surpassing established competitors like Tether's USDT and Circle's USDC.✍🏻
$SOL $BNB
Despite this impressive valuation, USD1 still has a long way to go to reach the $149.3 billion value of USDT, which accounts for over 61% of the total market value of stable coins.
$BTC
