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UAE Fund Uses Trump Family Crypto for $2B Binance Stake 🇦🇪
Big news from Dubai! At the TOKEN2049 conference, the UAE government-backed fund MGX announced it plans to buy a $2 billion minority stake in Binance — and here’s the twist: they’ll pay using USD1, a stablecoin launched by the Trump family’s World Liberty Financial.
World Liberty co-founder Zach Witkoff and Eric Trump revealed the deal, stirring up waves across crypto and political circles. While the move highlights the growing influence of crypto in global finance, it’s raising eyebrows due to Binance’s recent anti-money-laundering troubles in the U.S.
Hot take: This isn’t just a finance story — it’s a geopolitical chess move. Watch this space.
