Speaking at the Token2049 conference in Dubai, Eric Trump announced a major crypto development: the dollar-backed stablecoin USD1, created by World Liberty Financial (WLFI), will serve as the official stablecoin in MGX’s $2 billion investment in Binance.
Trump confirmed the deal, calling USD1 “one of the most transparent and regulated stablecoins in the world,” backed fully by short-term U.S. treasuries and cash equivalents. MGX, based in Abu Dhabi, made headlines earlier this year when it became one of the first institutions to invest in Binance, the world’s largest crypto exchange.
USD1 Expands Into Tron Network
Alongside the Binance partnership, Eric Trump revealed that USD1 will soon be integrated into the Tron (TRX) ecosystem. The move deepens USD1’s utility in decentralized finance and expands its reach across blockchain platforms.
Tron founder Justin Sun previously invested in WLFI, which plans to issue USD1 through crypto custodian BitGo. With the Trump family backing the stablecoin project, WLFI aims to establish USD1 as a leader in regulated, transparent stablecoin solutions.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/eric-trump-unveils-usd1-stablecoin-integration-with-binance-and-tron/