Major Investment: $2B Deal Between MGX and Binance

Abu Dhabi-based investment firm MGX is set to acquire a $2 billion minority stake in Binance using USD1, a stablecoin launched by World Liberty Financial—a company co-founded by Eric Trump and Zach Witkoff. This marks the largest institutional investment in Binance to date and signifies a growing partnership between Binance and the United Arab Emirates.

The deal has sparked political scrutiny in the U.S., with concerns over potential conflicts of interest and regulatory implications, especially given Binance's previous legal challenges. $BTC $ETH $BNB #EUPrivacyCoinBan