💰 Billion-Dollar Investment: Abu Dhabi Injects US$ 2 Billion into Binance with Stablecoin Linked to the Trump Family $TRUMP
The MGX, Abu Dhabi's sovereign fund, announced a record investment of US$ 2 billion in Binance, the world's largest cryptocurrency exchange. The investment, made entirely in stablecoins, marks Binance's first institutional investment and the largest ever made in the crypto sector. The highlight is the use of USD1, a stablecoin launched by World Liberty Financial, a company linked to the Trump family, as the payment method in the transaction. World Liberty Financial, co-founded by Zach Witkoff and with active involvement from Eric Trump, positions former President Donald Trump as the 'main crypto advocate,' reinforcing his influence in the sector. The investment comes amid Binance's growing presence in the Middle East, with about 1,000 employees in Abu Dhabi and regulatory licenses obtained in the United Arab Emirates. MGX, which previously focused on artificial intelligence, sees the partnership as an opportunity to integrate blockchain, AI, and digital finance. However, the transaction raises ethical questions given the direct involvement of the Trump family and the associated political implications. $TRUMP
