#StablecoinPayments 🤑 MGX launches historic investment of $2 billion with pro-Trump stablecoin 🇺🇸💰🚀
During his appearance at the Token2049 event in Dubai 🇦🇪, Eric Trump —yes, the son of the US president— dropped a bomb: MGX, an Abu Dhabi investment firm, will invest $2 billion in Binance using USD1, a stablecoin linked to none other than the Trump family. 🤯
😲 Yes, you read that right: a "pro-Trump" stablecoin will be the path for one of the largest investments in the history of the Web3 ecosystem. 💸🔥
👉🏻🪙 What is USD1?
USD1 is the stablecoin issued by World Liberty Financial (WLFI), a crypto platform with direct ties to the Trump family. It was launched in March 2025 🗓️, and aims to compete with giants like USDT and USDC... but with a rather peculiar political twist. 🎯
😎 What does Binance have to do with all this?
MGX announced on March 12 a gigantic institutional investment in Binance, the world's number one exchange 🌍. At that time, it was not known which stablecoin they would use... until Eric spilled the beans in Dubai! 🗣️
"Banks are a joke," shot Eric Trump during his panel.
He criticized the hours, the slowness of the traditional financial system ⏰🏦, and said that sending money via SWIFT is like using a fax in 2025: "Slow, expensive, and pointless."
Meanwhile, cryptos settle in minutes… and without banks in between. ⛓️⚡
👉🏻 Why is this important?
1️⃣ It is the first institutional investment in Binance, which could mark a before and after for the exchange.
2️⃣ It involves the entry of "geopolitical" capital into the crypto world.
3️⃣ It further validates the real use of stablecoins as global financial tools. 🌎
And yes, USD1 is now officially on the radar...
Will it be a masterstroke or pure political marketing?
Are we witnessing the birth of "partisan stablecoins"? 🧐
📌 Sources: Cointelegraph, WLFI, Token2049 Dubai, Binance Blog
🤔💬 What do you think about all this? Would you buy a stablecoin associated with a political figure?
💬📲 Let me know in the comments!
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Let's give a boost to the crypto community! 🚀💬📲
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