{"id":51686,"date":"2025-05-01T20:36:52","date_gmt":"2025-05-01T20:36:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/abu-dhabi-firm-uses-trump-linked-stablecoin-for-2-billion-binance-deal\/"},"modified":"2025-05-01T20:36:52","modified_gmt":"2025-05-01T20:36:52","slug":"abu-dhabi-firm-uses-trump-linked-stablecoin-for-2-billion-binance-deal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/abu-dhabi-firm-uses-trump-linked-stablecoin-for-2-billion-binance-deal\/","title":{"rendered":"Abu Dhabi firm uses Trump-linked stablecoin for $2 billion Binance deal"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Official-Trump-meme-coin-holders-invited-for-a-dinner-with-President-Trump-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Official-Trump-meme-coin-holders-invited-for-a-dinner-with-President-Trump-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Official-Trump-meme-coin-holders-invited-for-a-dinner-with-President-Trump-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/Official-Trump-meme-coin-holders-invited-for-a-dinner-with-President-Trump-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li data-pm-slice=\"0 0 []\">Trump-linked stablecoin USD1 selected for $2B Binance investment by Abu Dhabi firm MGX.<\/li>\n<li>USD1\u2019s rapid rise: Stablecoin backed by U.S. Treasuries hits $2.1B in circulation.<\/li>\n<li>Justin Sun\u2019s Tron to integrate USD1 as Trump allies expand crypto footprint.<\/li>\n<\/ul>\n<p data-pm-slice=\"0 0 []\">In a major development highlighting the rising influence of Trump-linked cryptocurrency ventures, a stablecoin issued by World Liberty Financial\u2014a crypto startup tied to Donald Trump\u2014is being used in a $2 billion investment deal involving crypto exchange Binance.<\/p>\n<p data-pm-slice=\"0 0 []\">The announcement was made at the TOKEN2049 conference in Dubai on Thursday by World Liberty co-founder Zach Witkoff.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/wlfs-zach-witkoff-usd1-selected-official-stablecoin-mgx-investment-binance-2025-05-01\/\">Witkoff confirmed that USD1<\/a>, the stablecoin launched by World Liberty Financial, has been selected as the official digital currency to close the high-profile investment by MGX, an Abu Dhabi-backed investment firm, into Binance, the world\u2019s largest cryptocurrency exchange by trading volume.<\/p>\n<p>\u201cWe are excited to announce today that USD1 has been selected as the official stablecoin to close MGX\u2019s $2 billion investment in Binance,\u201d said Witkoff, who is the son of real estate mogul and former Trump ambassador Steve Witkoff.<\/p>\n<p>Launched in March, USD1 is a dollar-pegged stablecoin backed by US Treasuries, cash, and other liquid assets.<\/p>\n<p>The coin is issued on Binance\u2019s own blockchain and aims to support financial inclusion by reducing reliance on traditional banks.<\/p>\n<p>The use of USD1 in such a massive investment underscores World Liberty Financial\u2019s growing role in the global crypto ecosystem.<\/p>\n<p>According to CoinMarketCap, USD1\u2019s circulating value hit approximately $2.1 billion as of Wednesday, making it one of the fastest-growing stablecoins on the market.<\/p>\n<p>However, the identity of its top holders remains unknown.<\/p>\n<p>Blockchain analysis firm Arkham reported that a single anonymous wallet received $2 billion worth of USD1 between April 16 and 29, though ownership of the wallet could not be independently verified.<\/p>\n<p>The deal also hints at close ties between World Liberty and Binance.<\/p>\n<p><a href=\"https:\/\/x.com\/cz_binance\/status\/1916567258224038152\">A recent social media post<\/a> showed Binance founder and former CEO Changpeng Zhao meeting with Zach Witkoff and other World Liberty executives in Abu Dhabi.<\/p>\n<p>Zhao, who stepped down from Binance in 2023 following a $4.3 billion settlement with US authorities over anti-money laundering violations, remains a significant shareholder in the exchange.<\/p>\n<p>In a related announcement, Witkoff revealed that USD1 would soon be integrated into the Tron blockchain, founded by Hong Kong-based crypto entrepreneur Justin Sun.<\/p>\n<p>Sun, a known investor in World Liberty Financial, has reportedly committed at least $75 million to the venture.<\/p>\n<p>He is also facing a US securities fraud lawsuit, which the SEC temporarily paused in February, citing public interest.<\/p>\n<p>Notably, Sun moderated the panel in Dubai where Witkoff made the announcements.<\/p>\n<p>Eric Trump, Donald Trump\u2019s son, also shared the stage, reinforcing the Trump family\u2019s growing visibility in the crypto space.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/abu-dhabi-firm-uses-trump-linked-stablecoin-for-2-billion-binance-deal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Trump-linked stablecoin USD1 selected for $2B Binance investment by Abu Dhabi firm MGX. USD1\u2019s rapid rise: Stablecoin backed by U.S. Treasuries hits $2.1B in circulation. Justin Sun\u2019s Tron to integrate USD1 as Trump allies expand crypto footprint. In a major development [&hellip;]<\/p>\n","protected":false},"author":3947362382,"featured_media":51687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51686"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362382"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51686"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51687"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}