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Trump’s $1 Stablecoin Fuels MGX’s $2B Binance Play—Because 2025 Needed More Financial Plot Twists

Trump’s $1 Stablecoin Fuels MGX’s $2B Binance Play—Because 2025 Needed More Financial Plot Twists

Author:
Coingape
Published:
2025-05-01 10:33:36
11
3

Politics meets DeFi in a move that’d make even Satoshi blink: Trump-branded stablecoins back a mega-investment into Binance. Just another Tuesday in crypto-land.


The USD1 Peg That Could Move Markets

MGX’s $2B bet hinges on a dollar-pegged token with presidential branding—because nothing says ’trustless’ like a politician’s face on the blockchain.


Binance’s Latest Whale Move

Exchange giants don’t flinch at nine-figure deals, but this one’s laced with enough irony to crash a Twitter thread: centralized platforms dancing with decentralized ideals.

Closing thought: If stablecoins are the new campaign donations, at least the ledger’s transparent. (Cue Wall Street’s collective eye-roll.)

At Token2049 in Dubai, Eric Trump announced that the Trump family’s World Liberty Financial USD stablecoin (USD1) has been selected as the official stablecoin for MGX’s $2 billion investment in Binance. Earlier this year, Abu Dhabi-based MGX revealed its plans to acquire a $2 billion stake in Binance. Trump also shared that the USD1 stablecoin issued by WLFI will be natively launched on the TRON blockchain, expanding its presence in the digital asset ecosystem.

|Square

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