Trump’s Stablecoin to Seal $2B Binance Deal! Guess Who’s Backing It?

Here’s the Goss:

Ah, the Trump family. Always in the thick of things. Eric Trump, the very man with a name that rings louder than his father’s golf swing, announced that World Liberty Financial’s dollar-backed stablecoin, USD1, will be the one to close MGX’s monumental $2 billion investment in Binance. Oh, to be that stablecoin!

At the Token2049 event in dazzling Dubai (where else, darling?), Trump revealed that USD1 will waltz its way into the Tron ecosystem. And, guess who’s giving it a little push? The ever-opulent Justin Sun—because, of course, billionaires make the best partners. Why settle for less, right?

Earlier this year, the Abu Dhabi-based MGX investment firm poured $2 billion into Binance—talk about making waves in the world of crypto. And if you’re wondering, yes, it was one of the first institutional investments in the mighty exchange.

The Trump-family-backed World Liberty Financial, not content to sit pretty, announced plans for USD1 earlier this March. It’s a dollar-backed stablecoin, darling. Naturally.

“USD1 will be the most transparent and regulated stablecoin in the world. It’s backed by short-term treasury and cash equivalents,” Eric Trump boasted, with that trademark, ‘I can’t believe this is happening’ confidence. “Not only do we want to make cross-border transactions a breeze, but consumer safety is the star of the show here, folks.” Who doesn’t love a bit of safety with their crypto, right?

Meanwhile, Zach Witkoff, World Liberty’s co-founder, wasn’t about to let the crowd leave without a taste of the future. “We have a lot up our sleeves at World Liberty,” he teased, grinning like someone who just found a hidden treasure. “Stay tuned! We’re working on all sorts of DeFi integrations. Our goal? To make USD1 the ‘go-to’ stablecoin for both DeFi and CeFi ecosystems. Plus, we’re aiming to break into traditional retail point-of-sale systems. Talk about being everywhere!”

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2025-05-01 13:13