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Trump’s USD1 Stablecoin to Back MGX’s $2B Binance Investment

Published by
Nidhi Kolhapur

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.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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