Binance Secures $2B Institutional Endorsement via World Liberty’s USD1 Stablecoin
In a landmark development for the cryptocurrency sector, World Liberty Financial’s USD1 stablecoin has been chosen to facilitate MGX’s $2 billion investment in Binance. This strategic move, announced by Eric Trump at Token2049 in Dubai, underscores growing institutional confidence in digital asset platforms. The Abu Dhabi-based firm’s stake acquisition represents one of the most significant institutional validations for Binance to date. Additionally, World Liberty Financial revealed a pivotal integration with Justin Sun’s TRON ecosystem, further expanding the stablecoin’s utility across blockchain networks. These developments signal a maturation of cryptocurrency infrastructure and increasing convergence between traditional finance and digital assets.
World Liberty’s Stablecoin USD1 Selected for MGX’s $2B Binance Investment, TRON Integration Announced
Eric Trump revealed at Token2049 in Dubai that World Liberty Financial’s dollar-pegged stablecoin, USD1, will facilitate MGX’s $2 billion investment in Binance. The Abu Dhabi-based firm’s stake acquisition marks a significant institutional endorsement for the crypto exchange.
The Trump-affiliated financial group also disclosed a strategic integration with Justin Sun’s TRON ecosystem. USD1, launched in March through a partnership with BitGo, aims to set new transparency standards in the stablecoin market.
Trump’s USD1 Stablecoin to Back MGX’s $2B Binance Investment
At Token2049 in Dubai, Eric Trump revealed that the Trump family’s World Liberty Financial USD stablecoin (USD1) will serve as the official stablecoin for MGX’s $2 billion investment in Binance. The Abu Dhabi-based investment firm had previously disclosed its intention to acquire a significant stake in the crypto exchange.
The USD1 stablecoin, issued by WLFI, will be natively launched on the TRON blockchain, marking a strategic expansion within the digital asset ecosystem. This move underscores the growing institutional interest in stablecoins as vehicles for large-scale crypto investments.
