Major Investment Deal :
Abu Dhabi-based investment firm MGX#MGX is set to acquire a $2 billion minority stake in Binance using USD1, a stablecoin #StablecoinRatings launched by Donald Trump's $TRUMP World Liberty Financial. The deal, announced at the TOKEN2049 conference in Dubai#Dubai. , marks the first institutional investment in Binance#Binance and the largest crypto investment paid entirely in stablecoins. This arrangement has raised ethical concerns, especially given Binance's previous legal issues and the Trump $TRUMP family's involvement.
family's involvement.
(New York Post, Investor's Business Daily)