The $2B Stablecoin Binance Deal
World Liberty Financial’s USD1 Stablecoin Facilitates Historic $2B Investment in Binance
TOKEN2049 Dubai 2025
Abu Dhabi’s MGX fund is investing $2 billion in Binance using USD1, a stablecoin launched by World Liberty Financial, co-founded by Eric Trump and Zach Witkoff.
USD1 is fully backed by U.S. Treasuries, cash, and equivalents, aiming to rival USDT and USDC.
The deal was announced at the Token2049 conference in Dubai.
Ethical concerns have been raised regarding potential conflicts of interest with the Trump family’s involvement.
Date: April 30 – May 1, 2025
Location: Madinat Jumeirah, Dubai
Attendance: Around 15,000 attendees from over 160 countries
Highlights: Over 200 speakers, 4,000+ companies represented
Notable Attendees:
Eric Trump – Co-founder of World Liberty Financial (USD1 Stablecoin)
Richard Teng – CEO of Binance
Pavel Durov – CEO of Telegram
Arthur Hayes – CIO of Maelstrom, Co-founder of BitMEX
Balaji Srinivasan – Author of The Network State
Paolo Ardoino – CEO of Tether
Raoul Pal – Co-founder and CEO of Real Vision
Changpeng Zhao (CZ) – Founder of Binance (mentioned in conference coverage)
