TRON’s Wild Ride: Billion-Dollar Stablecoins, Trump Ties & Crypto Drama Unleashed!
World Liberty Financial’s official stablecoin, USD1, is getting a glamorous new home on the Tron network, apparently with plans to start minting “hundreds of millions of dollars” in tokens. In other words: money printers everywhere must be quaking in their boots, possibly considering career changes.
On May 1st, at Token2049 (the Oscars of crypto, minus the free booze and seat fillers), Justin Sun—Tron (TRX) founder, serial disruptor, and owner of the world’s largest collection of red track suits—announced a juicy partnership with World Liberty Financial (yes, the Trump-backed one). USD1 stablecoin will now prance its way across the Tron blockchain.
“I’m really honored”—presumably with a straight face—“we can collaborate with USD1 on launching this stablecoin to further make this available to 7 billion people on Earth,” said Sun. Why stop there, Justin? Let’s include Mars in the next roadmap. This all went down during a fireside chat with Eric Trump (yes, really) and WLF co-founder Zach Witkoff.
Witkoff, refusing to be outdone, revealed the stablecoin is pegged to the U.S. dollar and backed by U.S. government treasuries, dollar deposits, and other prudent-sounding cash equivalents. He promised native integration with Tron while probably trying to keep a straight face at the phrase “minting hundreds of millions of dollars to start.” Because really, what’s a few hundred million between blockchain friends? Billions are, apparently, just around the corner. 🤑
Sun, not content with only running Tron and collecting meme coins like Pokémon cards, officially hopped aboard as a WLF advisor in November 2024, dropping a casual $30 million into the Trump-backed DeFi project, making himself its largest investor and, possibly, the world’s premiere MAGA coin connoisseur.
And just in case you missed it: Sun is currently top of the official Trump (TRUMP) meme coin leaderboard—a leaderboard that exists solely to award the top 220 holders with exclusive dinner invites. Because nothing says ‘cutting edge finance’ quite like selective crypto cliques and meme-based VIP tables.
MGX’s 2 billion USD1 investment in Binance
But wait, there’s even more blockbuster action: Witkoff also announced USD1 has been chosen as the official crypto for MGX—the Abu Dhabi-backed investment giant—to facilitate their teensy $2 billion investment into Binance. Two. Billion. Dollars. In crypto. Forget yachts—private islands are surely next.
“We thank MGX and Binance for their trust in us and I think it’s only the beginning,” said Witkoff, probably while nervously checking his banking app.
This isn’t just pocket change; it’s the largest crypto investment ever, with WLF’s stablecoin at the center of it all. Nobody’s topping up their Starbucks card with this, unless they’re buying the company.
For MGX—usually waving AI and advanced tech banners—this is their first cryptoverse adventure. That $2B bought them a minority stake in Binance, all as part of their grand master plan to accelerate the future, transform society, blah blah…In reality, they just made history as the world’s most expensive entrance ticket to Club Crypto.
So buckle up: quirky billionaires, meme coins, and crypto power lunches are your new normal. 🚀
Read More
- Original The Elder Scrolls IV: Oblivion Designer Says Bethesda’s Remaster Is So Impressive It Could Be Called ‘Oblivion 2.0’
- Clash Royale Best Boss Bandit Champion decks
- How To Install Mods For Oblivion Remastered
- HBO shares The Last of Us season 2 release window
- The Last of Us season 2 confirms spring 2025 release on HBO
- Pokémon TCG Pocket announces new Celestial Guardians Expansion along with Half-Year Anniversary events
- Weak Hero Class 1 Ending Explained
- Ozzy Osbourne’s Health Update Before Final Black Sabbath Gig
- Harry Styles’ doppelgangers descend on London for another lookalike contest – but fans complain they look ‘nothing like him’
- ‘Captain America 4’ Questions and Plot Holes, Explained
2025-05-01 14:19