Trump-Linked Stablecoin Fuels $2B Binance Investment
One of the biggest stories dominating Binance Square is the use of World Liberty Financial’s $USDC
stablecoin in a $2 billion investment by Abu Dhabi-based MGX into Binance. Announced at the Token2049 conference in Dubai, this deal marks a significant milestone for Binance, the world’s largest crypto exchange by trading volume. The USD1 stablecoin, launched by the Trump family’s crypto venture, has sparked debates about potential conflicts of interest, given Donald Trump’s role as the venture’s “chief crypto advocate” and his family’s involvement.
The deal has also boosted the USD1 stablecoin’s prominence, with its market cap breaking into the top 10, driven by a 30% surge in stablecoin supply on Binance’s BNB Chain. Binance Square users are actively discussing the implications of this politically charged transaction, with some praising the innovation and others raising regulatory concerns.
Image Idea: A screenshot of a Binance Square post showing a K-line chart of USD1’s market cap growth, overlaid with a photo from the Token2049 conference featuring Zach Witkoff and Eric Trump.