- MGX invests $2 billion in Binance using USD1, the Trump-backed stablecoin.
- Binance deal marks the largest stablecoin-funded investment to date.
- USD1 will integrate with Tron and expand into Pakistan’s crypto sector.
Abu Dhabi-based tech investment firm MGX has finalized a $2 billion investment in Binance using USD1, a dollar-backed stablecoin developed by World Liberty Financial. The deal, announced during the TOKEN2049 conference in Dubai, marks the largest institutional investment done entirely using stablecoins.
The announcement of this major investment was made at the Token2049 conference in Dubai, where Eric Trump, son of the US President Donald Trump, revealed additional USD1 news. He stated USD1 will integrate with the Tron blockchain, backed by crypto mogul Justin Sun.
USD1: Trump-Backed Stablecoin Gains Traction
USD1 was launched earlier this year by World Liberty Financial, a fintech company in which the Trump family holds a 60% ownership stake.
Designed in partnership with custody provider BitGo, USD1 is fully backed by short-term US Treasuries and cash equivalents, promising a level of transparency and consumer protection not always associated with stablecoins.
Related: Buyers Can Pay in Crypto at Trump Tower Dubai, Eric Trump Confirms Ahead of TOKEN2049
The investment into Binance marks the first institutional deal of its kind for the global exchange and signals a shift in how private capital and crypto-native platforms may cooperate in a regulatory-conscious environment.
MGX: Strategic Bet on Blockchain and DeFi
MGX’s $2 billion investment secures the firm a minority stake in Binance and solidifies its long-term vision of integrating artificial intelligence, decentralized finance (DeFi), and blockchain into mainstream capital markets.
According to MGX representatives, the firm sees Binance as a foundational pillar in the global crypto infrastructure, especially in the MENA region. Notably, Binance employs over 1,000 staff in the UAE, 20% of its global workforce, underscoring the Emirate’s growing role as a hub for regulated digital finance.
World Liberty Financial is also rapidly expanding its geopolitical influence. In a notable move, the company signed a letter of intent with the Pakistan Crypto Council, aiming to drive blockchain and stablecoin adoption in the region.
Related: Eric Trump Warns Banks Face Extinction in 10 Years Without Crypto Adoption
In Islamabad, Trump-backed executives met with high-ranking Pakistani officials including Prime Minister Shehbaz Sharif and Army Chief General Asim Munir.
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Source: https://coinedition.com/trump-usd1-binance-2billion-mgx-stablecoin-deal-token2049/