Eric Trump, the second son of Donald Trump, declared at the Token2049 event held in Dubai that the US dollar stablecoin (USD1) issued by the Trump family's project, World Liberty Financial, has been officially selected as the official stablecoin to complete MGX's 2 billion USD investment in Binance.

Earlier this year, the Abu Dhabi-based investment firm, MGX, announced that it would invest 2 billion USD to purchase shares in Binance!