#Binance

🇦🇪 $2 Billion Investment in Binance via Trump-Linked Stablecoin

A UAE-backed investment firm, MGX, is set to acquire a $2 billion minority stake in Binance using USD1, a stablecoin launched by World Liberty Financial—a crypto venture co-founded by Eric Trump and Zach Witkoff. The deal, announced at the TOKEN2049 conference in Dubai, marks the largest institutional investment in Binance to date. The USD1 token is pegged to the U.S. dollar and backed by U.S. Treasuries and cash equivalents. However, the transaction has drawn political scrutiny in the U.S., with concerns about potential conflicts of interest and regulatory implications.