Dhabi’s $2 Billion Bet on Binance via USD1

A state-backed investment firm in Abu Dhabi, MGX, is making waves with a $2 billion investment into Binance using USD1, a stablecoin tied to World Liberty Financial, a venture linked to the Trump family. Announced at a Dubai crypto convention, this move marks a significant milestone for USD1, which has already hit a $2.1 billion market cap and cracked the top 10 stablecoins. The deal underscores Binance’s growing influence and raises questions about the intersection of politics and crypto

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