$BTC – TRUMP-BACKED USD1 TRIGGERS MASSIVE $2B BINANCE INVESTMENT!
Abu Dhabi's MGX is making waves by channeling $2 billion into Binance, and it’s all riding on USD1—a Trump-linked stablecoin launched by World Liberty Financial. Announced at a Dubai crypto event by co-founder Zach Witkoff (alongside Eric Trump), the deal cements USD1’s role as the official stablecoin for one of the biggest crypto investments of the year.
With backing from the Trump family and integration planned with Justin Sun’s Tron network, USD1 is being branded as the “most transparent and regulated” stablecoin—fully backed by short-term treasuries and cash equivalents. Sun himself jumped in with $75M WLFI purchase just ahead of Trump’s 2024 inauguration.
Despite ethical concerns swirling around Trump’s ongoing financial ties to crypto while in politics, this $2B move puts USD1—and Trump's crypto ambitions—center stage in Binance's future ecosystem.
Power shift or political play? Either way, crypto just got a whole lot more presidential.