The founder of Binance, Changpeng "CZ" Zhao, has recently addressed false reports linking the digital currency TRUMP to a $2 billion investment deal between MGX of Abu Dhabi and Binance. Rumors suggested that the TRUMP token influenced the transaction. However, CZ has clarified the facts, clarified the situation, and cleared up any confusion surrounding the agreement.

In his latest post on X, Changpeng Zhao responded to the misinformation regarding the investment of $ 2 billion MGX in Binance.

Contrary to some reports, the transaction was completed using the stablecoin USD1, with no relation to Trump's digital currency. CZ emphasized that the transaction was conducted between a private investor and the Abu Dhabi-based entity Binance. He added that payment could be made in any currency the payer chooses, such as Bitcoin, AED, USD, or USD1.

He explained that after receiving the funds, it is at the recipient's discretion to convert them to other currencies depending on market conditions.