📰 #trump _Linked Stablecoin Facilitates $2 Billion Investment in Binance

Donald #Trump's crypto venture, World Liberty Financial, has launched a stablecoin named USD1. This stablecoin is being utilized by Abu Dhabi-backed investment firm MGX to channel a substantial $BTC 2 billion investment into Binance. The announcement was made by co-founder Zach Witkoff at the TOKEN2049 conference in Dubai.

#usd 1 is pegged to the U.S. dollar and fully backed by U.S. Treasuries, cash, and other equivalents to maintain a stable $1 value. This development signifies a growing relationship between Binance, the world’s largest crypto exchange, and the United Arab Emirates.

*Image depicting the partnership between World Liberty Financial's USD1 stablecoin and Binance's $2 billion investment facilitated by MGX. * #trump