Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move

The stablecoin USD1, issued by World Liberty Financial, has been chosen to handle a major $2 billion investment from MGX into Binance, according to reports. This move marks a new chapter for the crypto exchange and adds fresh attention to the stablecoin space. Related Reading: The Bitcoin That Got Away: Docuseries Explores $800 Million Trash […]

May 3, 2025 - 03:10

Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move

The stablecoin USD1, issued by World Liberty Financial, has been chosen to handle a major $2 billion investment from MGX into Binance, according to reports. This move marks a new chapter for the crypto exchange and adds fresh attention to the stablecoin space.

The news broke at the Token2049 crypto conference in Dubai, in which World Liberty co-founder Zach Witkoff announced that USD1 was employed in the transaction.

MGX is an Abu Dhabi-headquartered company, and the deal was initially announced by Binance in March 2025. In it, the identity of the stablecoin involved wasn’t specified.

World Liberty Confirms USD1 In MGX Deal

Witkoff addressed the stage and stated that USD1 had been formally selected to enable the whole $2 billion investment. He thanked MGX and Binance, stating this is merely the beginning of what’s to come.

The deal also represents Binance’s first institutional placement, so it’s a significant moment for the exchange and the stablecoin in question.