World Liberty Financial’s USD1 stablecoin has officially been selected by Abu Dhabi-based MGX for the $2 billion investment in Binance.
For perspective, in March 2025, Binance announced MGX’s substantial investment, which represented the exchange’s first institutional placement. While the deal highlighted stablecoin as the preferred mode of exchange, it was initially unclear which specific currency was involved.
However, World Liberty’s USD1 has now been confirmed as the stablecoin to facilitate the historic deal. In particular, this confirmation came from World Liberty’s co-founder, Zach Witkoff, during the ongoing Token2049 crypto conference in Dubai.
Witkoff stated that USD1 would facilitate Abu Dhabi-based MGX’s $2 billion investment in Binance, the world’s largest cryptocurrency exchange.
USD1 Stablecoin and Its Backing
USD1 is one of the most transparent stablecoins in the market, backed by short-term treasury and cash equivalents. According to U.S. President Trump’s son, Eric Trump, World Liberty’s commitment is to ensure transparency, which is a primary factor in the stablecoin’s development.
Trump emphasized that consumer safety remains a core priority for the company, which aims to build a product that can seamlessly move across borders. The stablecoin’s structure aims to meet regulatory expectations and provide a secure financial tool for cross-border transactions.
Witkoff discussed future plans for USD1 during the event. The company, backed by President Donald Trump, is working on further developments in decentralized finance, particularly integrating USD1 into DeFi and centralized finance ecosystems. Witkoff also mentioned that USD1 will soon be integrated into traditional retail point-of-sale systems.
Cross-Chain Integrations for USD1
Currently distributed on the Ethereum and Binance Smart Chain (BSC) blockchains, USD1 will expand its reach to the Tron network. This integration aligns with World Liberty’s strategic goals of increasing global adoption and expanding the use cases of stablecoin.
Justin Sun, the founder of Tron, confirmed his crypto project’s $75 million investment in World Liberty as of January 2025, further supporting the stablecoin’s push for wider integration.
.@justinsuntron, @EricTrump and @ZachWitkoff joined together for a fireside chat at #TOKEN2049 Dubai. 🎙️
Did you catch the news? ⬇️@worldlibertyfi’s #USD1 will soon be natively integrated on #TRON. ⛓️ pic.twitter.com/W6ffV2Qby1
— TRON DAO (@trondao) May 1, 2025
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Source: https://thecryptobasic.com/2025/05/01/trump-backed-stablecoin-usd1-to-power-2-billion-binance-deal-with-abu-dhabis-mgx/?utm_source=rss&utm_medium=rss&utm_campaign=trump-backed-stablecoin-usd1-to-power-2-billion-binance-deal-with-abu-dhabis-mgx