$TRUMP -Linked Stablecoin Powers $2 Billion Emirati Investment in Binance

• A state-backed Abu Dhabi investment firm, MGX, is investing $2 billion in Binance using USD1, a stablecoin developed by the Trump-linked World Liberty Financial.

• The announcement was made by Zach Witkoff, co-founder of World Liberty Financial, at a Dubai crypto convention, with Eric Trump in attendance.

• This deal is significant for World Liberty Financial, given Donald Trump's past criticism of cryptocurrencies and concerns about potential conflicts of interest.

• USD1, described as highly transparent and regulated, will be integrated with the Tron blockchain, and World Liberty Financial expects to mint billions of dollars worth.

• This investment highlights the growing involvement of the Trump family in the cryptocurrency space, including accepting crypto payments for their Dubai luxury tower.