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ABU DHABI FIRM TO INVEST IN BINANCE WITH TRUMP CRYPTO VENTURE’S STABLECOIN Abu Dhabi-backed investment firm MGX is using USD1, a stablecoin launched by World Liberty Financial, for its $2 billion investment in crypto exchange Binance. The announcement, made by World Liberty co-founder Zach Witkoff at TOKEN2049 in Dubai, formalizes a direct link between a Trump family venture and the world’s largest crypto exchange, with a foreign government-backed fund right in the mix. The deal comes as Binance’s founder, Changpeng Zhao, has reportedly been seeking a pardon from the Trump administration after he pleaded guilty to a money laundering violation and spent four months in a federal prison. #USStablecoinBill #FOMCMeeting $BTC $ETH $TRUMP
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VISA AND MASTERCARD’S STABLECOIN PUSH Visa and Mastercard are both racing to bring stablecoins into everyday payments, now that U.S. lawmakers are fast-tracking the rules for the sector. Mastercard just rolled out a suite of features that let consumers spend and merchants receive stablecoins like USDC as easily as cash, thanks to a web of partnerships with crypto players including OKX, Nuvei and Circle. Meanwhile, Visa has teamed up with Stripe-owned Bridge to launch stablecoin-linked Visa cards across six Latin American countries, enabling users to shop at any of Visa’s 150 million+ merchant locations using their stablecoin balances. Bridge handles the backend, converting crypto to local currency for merchants so the process feels just like a regular card transaction. The companies plan to expand this service to Europe, Africa and Asia in the coming months. #USStablecoinBill #FOMCMeeting $BTC $ETH $BNB
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