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UAE-backed Fund to Use Trump Family's Cryptocurrency to Buy $2B Stake in Binance
In a bold and unprecedented move, a UAE government-backed investment fund has announced its intention to acquire a $2 billion minority stake in Binance, the world’s largest cryptocurrency exchange. What’s capturing global headlines, however, is the method of payment: a cryptocurrency created by the Trump family.
Revealed at the Token2049 crypto conference in Dubai, the partnership between World Liberty Financial—co-founded by Eric Trump and Zach Witkoff—and MGX, a sovereign-backed UAE firm, stunned the global financial community. The proposed transaction will utilize USD1, a stablecoin issued by World Liberty, to finance the deal.
This development signals a significant convergence of politics, crypto innovation, and Middle Eastern investment. It also underscores the growing influence of decentralized finance (DeFi) in reshaping traditional investment and ownership structures.
As Binance continues to expand its reach and infrastructure globally, this landmark investment could mark the beginning of deeper geopolitical and technological integration in the Web3 era.
Key Takeaways:
MGX, a UAE-backed fund, aims to acquire a $2B stake in Binance.
The deal will be funded using USD1, a stablecoin created by the Trump family’s crypto venture.
The announcement was made during the high-profile Token2049 conference in Dubai.
This could be one of the most politically-influenced cryptocurrency deals in recent history.
#BinanceNews #TrumpCrypto #MiddleEastInvestments #BinanceNews #TrumpCrypto #MiddleEastInvestments #CryptoAdoption
Revealed at the Token2049 crypto conference in Dubai, the partnership between World Liberty Financial—co-founded by Eric Trump and Zach Witkoff—and MGX, a sovereign-backed UAE firm, stunned the global financial community. The proposed transaction will utilize USD1, a stablecoin issued by World Liberty, to finance the deal.
This development signals a significant convergence of politics, crypto innovation, and Middle Eastern investment. It also underscores the growing influence of decentralized finance (DeFi) in reshaping traditional investment and ownership structures.
As Binance continues to expand its reach and infrastructure globally, this landmark investment could mark the beginning of deeper geopolitical and technological integration in the Web3 era.
Key Takeaways:
MGX, a UAE-backed fund, aims to acquire a $2B stake in Binance.
The deal will be funded using USD1, a stablecoin created by the Trump family’s crypto venture.
The announcement was made during the high-profile Token2049 conference in Dubai.
This could be one of the most politically-influenced cryptocurrency deals in recent history.
#BinanceNews #TrumpCrypto #MiddleEastInvestments #BinanceNews #TrumpCrypto #MiddleEastInvestments #CryptoAdoption
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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