#StablecoinPayments
#Square
$World Liberty coin ⚡Stablecoin USD1 will facilitate a $2 billion investment by MGX in Binance
Zach Witkoff, co-founder of WLFI, announced during the Token2049 conference in Dubai that the stablecoin USD1 recently launched by World Liberty Financial (WLFI) will become the settlement currency for a $2 billion investment by Abu Dhabi-based MGX in Binance.✨
The decision to use USD1 for settlement has not been disclosed yet. This stablecoin, which has not yet been listed on major centralized trading platforms like Binance and Coinbase, quickly reached a value of $2.1 billion, surpassing established competitors like Tether's USDT and Circle's USDC.✍🏻
$SOL $BNB
Despite this impressive valuation, USD1 still has a long way to go to reach USDT's value of $149.3 billion, which constitutes over 61% of the total stablecoin market value.
$BTC
